One of our missions in creating a Telecom-tech company with the support of Telenor Group and CP Group is to further develop Thailand’s digital economy and we will raise 200 million USD or 7.3 billion baht to support Thai startup eco-system including by establishing a new venture capital fund (VC).
The VC will invest in promising startups to promote innovative technologies, creating opportunities for stronger Thai startups, and supporting them to become successful at regional, national and international levels.
The new company will be equipped with advanced technology and Telenor’s industrial knowledge and international experience.
The VC hopes to create thousands of new job opportunities in the tech industry.
For a greater economic growth and stronger employment, investing in Thai start-ups can bring about significant benefits for the Thai economy.
The VC plans to support Thai startup eco-system and tech start-ups and expects to bring about significant benefits for the Thai economy with estimates from THB15-30 billion (~USD450-900 million) in potential GDP.
The VC also aims to reach out to foreign start-ups to relocate to Thailand while stimulating investment in new tech frontiers, such as deep and advanced tech, space, artificial intelligence and even the metaverse.