Bangkok, Thailand – Media Newswire – February 6, 2025 – The Ministry of Higher Education, Sciences, Research and Innovation (Mhesi), through the National Agency for Innovation (Public Organization) or NIA, revealed an overview of The growth of Thai startups for 2024. Data show a coherent ascending trajectory, with a cumulative growth rate of 3.3% since 2021, strengthening the position of Thailand as one of the most friendly centers in the world.
While we enter in 2025, startups are faced with a dynamic landscape marked by economic fluctuations, the evolution of consumer behavior and the rapid emergence of new technologies. In the midst of these challenges, three key technology sectors are ready for significant growth and investment opportunities: artificial intelligence (AI); Sustainability technologies, including green technology, cleanliness and climate technology; and financial technologies (Fintech).
Dr. Krithpaka Boonfueng, Executive Director of the National Innovation Agency (NIA), said that in the past year, Thailand housed around 2100 startups, including 700 at the pre-series stadium and 1400 in the GO at the brand or Growth stage. Compared to other countries in Southeast Asia, Thai startups have demonstrated constant growth, the financing of the seed stage increasing by 4% in annual sliding and a cumulative growth rate of 3.3% since 2021 .
According to the Global Startup Ecosystem Index published last year by Startupblink – a leading world center for data on startup ecosystems – Thailand has ranked 54th in the world and 4th in Southeast Asia, after Singapore , Indonesia and Malaysia. This reflects the significant progress of the start -up ecosystem of Thailand, which is increasingly recognized on the world scene as one of the emerging centers in the region for entrepreneurial companies.
One of the main challenges of the Thai startup ecosystem lies in the rapid expansion of data centers, the country emerging as a destination of choice for national and global investors. Positioned as the new “Center for Digital Economy of the Region,” the capacity of the data center of Thailand has jumped by more than 54% in the past three years, ranking third in Anase, after Singapore and Malaysia . The 2024-2027 projections believe that Thailand could attract around 260 billion baht in the investment in the data center.
However, to fully capitalize on this growth, Thailand must accelerate the development of talents to respond to market demands and establish solid and long -term policies that inspire investor confidence. These efforts are essential to promote a lasting ecosystem that aligns with the wider challenges of the company focused on AI, the need to strengthen and reskacler the workforce and the world passage to the ESG (Environment , social and governance). The adoption of the ESG not only ensures sustainable commercial practices, but also positions Thailand competitively in the evolving global economic landscape.
In 2025, both in Thailand and in the world, the start -up landscape should be motivated by transformative technologies that promise significant growth potential. These key trends include:
Artificial Intelligence (AI): AI quickly revolutionizes industries, with a generative AI at the forefront due to its versatility between the sectors. This technology feeds continuous and effective innovation by creating new content, solutions and processes. In addition, the rise of AI agency systems – accessible to autonomous thought, analysis and decision -making – makes a major jump forward. These systems excel in the management of complex tasks and the solving multidimensional problem, with more than 70% of business leaders and confident investors in their potential for transformation of operations, strategic planning and production to customer service. AI agents improve not only the responsiveness to market demands, but also considerably reduce the consumption of resources, making it an essential asset for organizations focused on future.
Durability technologies (green technologies, clean technologies and climatic technologies): as environmental challenges are intensifying, companies are increasingly prioritizing the ESG (Environment, Social and Governance) principles, while consumers require products and ecological and socially responsible services. This change propels the global market for environmental technology to exponential growth, forecasts predicting an average annual increase of almost 25% over the next decade. Innovative solutions approaching clean energy, waste management and sustainable products stimulate this momentum. For startups to succeed in this space, it is essential to develop commercial models that balance profitability with a positive environmental and social impact.
Financial technology (Fintech): In Southeast Asia, the Fintech continues to dominate the investment landscape, obtaining an impressive funding of 26% of seed financing in 2024 – the highest in all sectors – closely monitored by 20%blockchain technologies. This highlights the resilience and attractiveness of the sector, fueled by innovations in digital payments, decentralized finances and blockchain applications.
At a time defined by a rapid technological change, agility is essential. Startups must cultivate adaptability, creating flexible systems that can rotate in response to changing market conditions. This dynamic approach not only strengthens the foundations of companies, but also ensures sustained growth and scalability in an increasingly competitive global environment.
Dr. Krithpaka stressed that in 2025, under his role as “Focal Innovation Conduct” of Thailand “,” The National Agency for Innovation (NIA) remains determined to promote and Accelerate the growth of startups thanks to its vast mechanisms and networks. The agency will focus particularly on the development of “impact technology” – technologies designed to create positive economic and social impacts, strengthening the image and global recognition of Thailand as “nation of innovation innovation ».
The NIA support framework extends throughout the start -up course, from creation to the expansion of the international market guided by the strategic pillars of the groom -> Grant -> Growth -> Global.
Groom (knowledge incubation and networks): This phase nourishes entrepreneurial capacities through the NIA academy, offering complete courses in collaboration with strategic partners and learning at your own pace via online platforms like MOOCs . In addition, the startup Thailand League plays a central role in improving innovation skills among university students, equipping them with entrepreneurial mentalities and preparing them to pass academic environments to the starting ecosystem of the real world.
Grant (Financial support): NIA provides various forms of non -compayable subsidies adapted to stimulate innovative commercial development. These subsidies support both economic engines, such as national promotion platforms for innovation companies and regional innovation ecosystems – and social impact projects, in particular the Innovation Village ” initiative and Urban programs and community -oriented.
For startups aimed at evolving quickly and entering new markets, the National Innovation Agency (NIA) offers solid opportunities to stimulate business growth under the growth pillar. This is achieved thanks to a series of tailor -made incubation and acceleration programs in four key sectors: food technology – via the flagship -F -F program, designed to feed food technology startups to global competitiveness ; Agricultural technology – thanks to the AgrowTh initiative, focusing on the innovations that revolutionize modern agriculture; Health technology – Support startups that develop health and advanced health solutions. Climate technology – Foster sustainable innovations that deal with climate change and environmental challenges.
To inspire and present exceptional innovation success stories, Nia manages the “Nin Mangkorn” project, a platform highlighting transformative companies. This initiative has become “Nin Mangkorn 10x”, with a bold mission to propel entrepreneurs of high potential on the capital markets, targeting the income of at least 100 million baht in three years.
Under the world pillar, NIA is committed to extending the imprint of Thailand startups on the international scene thanks to the creation of a world start center. This initiative facilitates access to the cross -border market, strategic partnerships and international networks. NIA has forged strong alliances with key world ecosystems, notably Hong Kong, Japan, South Korea, Germany and Nordic countries, creating a dynamic bridge for Thai startups to prosper on various markets.
In addition to its growth and its global expansion strategies, the National Innovation Agency (NIA) actively promotes investment opportunities through mechanisms such as co -financed companies, in partnership with the Thai Venture Capital Association (TVCA) . This initiative provides co-investment funding up to 10 million baht to support high potential startups.
The main organizations of the government and industrial organizations offer solid financial support: the Board of Investment (BOI) promotes promising startups with incentives ranging from 20 to 50 million baht, especially for those of the first A + scene and -What; The One Innovation Fund, managed by the Federation of Thai Industries (FTI), offers substantial support with a total allocation of funds of 1 billion baht to accelerate industrial innovation; And Beacon Venture Capital launched the Beacon Impact Fund, focusing on investments aligned on environmental, social and governance principles (ESG), with an initial fund of 1.2 billion baht.
In addition, the next “law on the promotion and development of startups” or the long -awaited “Startup Act”, a historic legislative framework should play a central role in the solidification of the landscape of Thailand startups. The law will introduce complete measures to support entrepreneurship, attract investments and create an environment more conducive to startups to prosper, marking an important step in the evolution of Thailand as a great economy focused on innovation.
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