The National Innovation Agency (NIA) in collaboration with True Digital Park is launching the Bangkok CyberTech District in the Punnawithi area.
The agency expects to invite around 50 international startups per year to set up base in Thailand.
Pun-Arj Chairatana, executive director of the National Innovation Agency (NIA), said that the Bangkok CyberTech District area will provide privileges to both domestic and international startups. The collaboration will also set up a Startup Thailand centre with 200 square metres area to provide facilities to Thai and foreign startups.
He said the agency expects the Bangkok CyberTech District to attract startups from countries such as Singapore, Japan and China. The agency expects that Thailand will have 1,000 startups and develop more than 5,000 professionals and experts by 2021. The government will spend a budget of more than Bt30 billion by 2021.
Minister of Science and Technology Suvit Maesincee said the district will be a game changer in driving Thailand’s new economy and support the global platform. A collaboration of public private partnership and Startup Thailand Centre could create area-based innovation in the country.
The district is expected to facilitate long-term economic development and productivity.
Thanasorn Jaidee, president of True Digital Park, said the district is a part of True Digital Park, which aims to create a startup ecosystem in the country.