Five AI startups in Thailand have come together to form the AI Startup Alliance, an initiative aimed at addressing the structural challenges faced by the Thai AI industry.
The Finno Efra Accelerator is a collaborative initiative by Krungsri Finnovate and EfraStructure, aimed at nurturing startups from Seed to Pre-Series A stages, helping them scale to Series A with robust foundations.
Sam Tanskul, Managing Director of Finno Efra Accelerator, highlights the program’s goal to strengthen Thailand’s startup ecosystem. While most investments in the country focus on Series A or later, early-stage startups often lack support, contrasting with trends in Southeast Asia. By addressing this gap, the accelerator hopes to cultivate a thriving ecosystem with new, innovative startups.
Initially intended for 10 teams, the intense selection process saw two additional startups make the cut. Here are the 12 selected teams:
Participants will undergo a 4-month Bootcamp divided into two terms (Oct–Nov 2024 and Jan–Feb 2025), culminating in a Demo Day in March 2025. The Bootcamp includes:
Startups can secure funding of up to THB 40 million, provided they meet set KPIs. For those not making the finalist list this year, Krungsri Finnovate encourages them to apply for the next batch.
Pawoot Pongvitayapanu, Chairman and Founder of EfraStructure, emphasizes the accelerator's role in fostering new entrepreneurs and driving economic growth. By combining funding with critical business knowledge, the program supports startups on their path to becoming global Unicorns.
This program signifies a significant step towards reinforcing Thailand's startup ecosystem and encouraging innovation across industries.
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