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Thailand Government schemes for startups 2016

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Thailand_Goverment_Startup_2016

The current government has realized the importance of the startup industry and have made it one of the three “S” that the government wanted to further support including Startup, SME (small and medium enterprise), and Social enterprise.

This led to the attempt to get rid of the old mechanisms and the move towards a new model that allow the private sector to become more involve in state’s stimulation decisions. The supportive measures include:

Regulations and Law

  • Looking to amend the corporate law to allow a single individual to register as corporate entity to support entrepreneur.
  • Preparing to amend the Board of Investment (BOI)’s regulations to allow a single individual with potential idea in the targeted industries to gain BOI privileges. Current regulation only allows targeted firms that already have machinery.
  • The Business Security Act will be changed from having a requirement for various guarantees and mortgages to just only having an idea is already enough for a business security.
  • There might be some tax incentives or some guarantees to encourage investors.

Ecosystem

  • The creation of an ecosystem that will foster sources of supports and funding including incubator, venture capital, and crowdfunding.
  • Encourage startup to enter…

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Techsauce is the partnership of two titans in the Thai technology startup industry between Thumbsup, the leading technology media in Thailand and HUBBA, the biggest coworking space network in Thailand.

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Global fashion e-tailer Shein launches new hub in Singapore

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Shein has websites for Singapore, Indonesia, Thailand, Vietnam, and the Philippines and has plans to create a standalone website for Malaysia too.

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Myanmar

Digital Revolution and Repression in Myanmar and Thailand

Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage of events on the ground.

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By Karen Lee

Following the February 1 coup, Myanmar’s netizens became the latest to join the #MilkTeaAlliance, an online collective of pro-democracy youth across Asia.

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