• Shop
  • Newsletter
  • My Account
    • Account details
    • Cart
    • Checkout
    • Lost password
Sunday, December 3, 2023
  • Login
Thailand Business News
  • Asean
  • Banking
  • Business
  • China
  • Economics
  • Law
  • Press Release
    • Media OutReach Newswire
    • PR Newswire
    • Submit a Press Release
  • Real Estate
  • Tech
  • Tourism
No Result
View All Result
  • Asean
  • Banking
  • Business
  • China
  • Economics
  • Law
  • Press Release
    • Media OutReach Newswire
    • PR Newswire
    • Submit a Press Release
  • Real Estate
  • Tech
  • Tourism
No Result
View All Result
Thailand Business News
No Result
View All Result

Thailand’s Digital Economy Promotion Agency to launch $6.2m fund

Deal Street Asia by Deal Street Asia
January 16, 2018
in Startups, Tech
Reading Time: 2 mins read
A A
Digital Business Transformation

Digital Business Transformation

Share on FacebookShare on Twitter

Thailand’s Digital Economy Promotion Agency is to launch a new fund to support startups and SMEs next month. Business Alignment Pcl is to set up a new cancer-specialised hospital in Chonburi.

DEPA to launch $6.2m fund next month

The Digital Economy Promotion Agency (DEPA) is to launch the DEPA Fund with a commitment of 200 million baht ($6.2 million) next month, aiming to support the business expansion of startups and small and medium-sized enterprises, according to The Nation’s report.

The fund will encompass the DEPA Startup Fund and the DEPA Transformation Fund, each with a budget of Bt100 million
The fund will encompass the DEPA Startup Fund and the DEPA Transformation Fund, each with a budget of Bt100 million

The DEPA Startup Fund will invest in startups, allocating 10,000-300,000 baht per project. It will hold less than half of total shares in each startup, which would be able to buy back the equity from DEPA within three years.

The DEPA Transformation Fund will provide the financial support between 10,000 baht to 300,000 baht to transitional small and medium-sized enterprises and other companies that want to adopt information technology, including local software and hardware producers.

RelatedPosts

Thailand’s digital competitiveness ranking 3rd best in Asean

Singapore Introduces New Relief Package to Alleviate Cost of Living

Thailand to strengthen regulations on multiple SIM cards owners

Analyzing the global semiconductor industry and potential strategies for Thailand

BIZ to form cancer hospital via JV

Business Alignment Pcl (BIZ), a Thai listed medical devices supplier, has received its shareholders’ approval to form a new joint venture firm to set up a specialized hospital for cancer treatment.

The new JV firm will register with an initial capital of 200 million baht, divided into 2 million shares with a par value of 100 baht apiece.

Of the total, BIZ owns 65 per cent and a group of individuals holds the rest 35 per cent.

Sompong Chunekitiyanone, chief executive officer of BIZ, said that a new cancer treatment hospital will require the investment of around 500 million baht.

For the source of money, he said that 200 million baht would come from the shareholders of the JV firm and the rest 300 million baht from loans.

The hospital will be located in Chonburi. The hospital will have six floors with 30 beds and expects to serve around 500 patients per year, added the CEO.

Source link

DEALSTREETASIA Pte. Ltd. is a news and intelligence platform providing reports on investments, mergers, acquisitions, private equity, venture capital, investment banking and the business of startups across the Asian region.

x
Previous Post

Wego identifies nine 2018 travel trends in the MENA region

Next Post

Thailand: An economy on the path of globalization

Related Posts

Thailand’s digital competitiveness ranking 3rd best in Asean

Thailand’s digital competitiveness ranking 3rd best in Asean

November 30, 2023
Singapore Unveils Latest Relief Package to Ease Cost of Living

Singapore Introduces New Relief Package to Alleviate Cost of Living

November 24, 2023

Thailand to strengthen regulations on multiple SIM cards owners

Analyzing the global semiconductor industry and potential strategies for Thailand

Thailand is teaming up with Google to promote digital technology

Thailand’s Eastern Economic Corridor Sets New Investment Targets

Next Post
Tranplant rice tahiland

Thailand: An economy on the path of globalization

Leave a ReplyCancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Upcoming Events

Dec 8
December 8@10:00 am-December 10@5:00 pm SMT

2023 International Conference on Big Data Analysis and Application

Dec 8
December 8@10:00 am-December 10@6:00 pm BMT

LPS Shanghai 2023 – Asia Pacific’s leading luxury property exhibition is set to take place on December

Dec 8
December 8@7:00 pm-December 10@10:00 pm SMT

2023 International Conference on Data, Information and Computing Science

Dec 9
10:00 am-9:00 pm PLMT

Traders Fair 2023 – HCMC, The ADORA Luxury (Financial Education Event)

Feb 3
10:00 am-6:00 pm BMT

Traders Fair 2024 – Thailand, Bangkok (Financial Education Event)

View Calendar
S&P maintains Thailand’s credit rating at BBB+ with stable outlook

S&P keeps Thailand’s credit rating at BBB+ with a stable outlook

December 3, 2023
A souvenir featuring portraits of former Chinese leaders Mao Zedong, Deng Xiaoping, Jiang Zemin, Hu Jintao and current President Xi Jinping as it is sold on Tiananmen Square, Beijing, Chins on 25 October 2016. (Photo: REUTERS/Thomas Peter)

Deng Xiaoping’s Economic Paradigm

December 3, 2023
Household debts hit Highest in 8 years, filling pockets of Thai loan sharks

Over 37,000 Seek Help in Informal Debt Settlement Program

December 3, 2023

Top Posts & Pages

  • Thailand and Hong Kong start cross-border QR payment linkage
  • Thai economy continued to recover in October 2023 (BoT)
  • SEC and SET Collaborate to Enhance Market Confidence
  • Vietnam to set its corporate tax rate at 15% from Jan. 2024
No Result
View All Result
  • About
  • Submit a Press Release
  • Advertising
  • Community Standards
  • Contact Us
  • Cookie Policy
  • Copyright
  • Cryptocurrencies and Digital Asset Laws in Thailand
  • Disclaimer
  • Internships
  • Investment in Thailand
  • Newsletter
  • Privacy Policy
  • RSS Terms
  • Terms of Use
  • Thailand business visa
  • EnglishEnglish
  • ไทยไทย
  • 中文 (中国)中文 (中国)
  • PR Newswire

© 2023 Thailand Business News - Thailand News - by Siam News Network.

No Result
View All Result
  • Asean
  • Banking
  • Business
  • China
  • Economics
  • Law
  • Press Release
    • Media OutReach Newswire
    • PR Newswire
    • Submit a Press Release
  • Real Estate
  • Tech
  • Tourism

© 2023 Thailand Business News - Thailand News - by Siam News Network.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
 

Loading Comments...