Delta, Ministry of Industry and Partner Kickoff Angel Fund 2022 to Develop Thailand’s Startup Ecosystem

By David Nakayama, DET Corp Comms

Bangkok, Thailand, February 21, 2022 - Delta Thailand joined up with the Department of Industrial Promotion (DIP) under the Ministry of Industry and our key partners to launch the Angel Fund for Startups 2022.

This year, Siam Cement Public Company Limited (SCG) and HUBBA Thailand are new corporate partners who will help offer expert business advice and assess the performance of contestants. Media Tank Company Limited, producers of Shark Tank Thailand, joins for the second year to offer winners an opportunity to compete in another season of the business reality show.

From 2016 to 2021, Delta provided over 19 million baht of funding to 183 winning teams of the Angel Fund to support the commercialization of their smart industrial and energy-related products in the Thai market. The fund has created startup projects generating outstanding economic value of over 650 million baht.

Mr. Jackie Chang, Delta Thailand President, said, “Generally, it can take up to 10 years to successfully start a new business and that’s why Delta wants to offer support to help local startups accelerate their development. The Angel Fund offers Thai startups not only funds but also business experience and the latest technology. This is just one of the projects Delta does with the Ministry of Industry and our partners to support startups, SMEs and student engineering talent at top Thai universities. Our only motivation is to help Thai society and we take part in all our projects from our hearts without any conditions.”

The Angel Fund program links Thai entrepreneurs with government and private sector partners and offers funds and an intensive program for business skill-up and innovation incubation. Program activities include a business boot camp with tutoring in a progressive 6-step model. Contestants prepare and present their business models to an expert judging panel of industry experts, sponsors and investors.

In 2022, the Angel Fund welcomes 45 teams, selected from over 130 applicants. The competition will focus on Deep Technology business concepts and develop practical applications for new technology with completed R&D processes. The technology will cover the following six target industries:

1. Automotive

2. Agriculture and biotechnology

3. Robotics

4. Integrated medicine

5. Intelligent electronics

6. Digitalization

The competing teams will join a seven-day business boot camp to enhance their knowledge and foster an entrepreneurial spirit. In addition, teams will get intensive training in problem-solving skills during a three-day online hackathon before presenting their business models to industry sponsors for funding at the Pitching Day event. Finally, Angel Fund winners also get the chance to compete at the Shark Tank Thailand contest for additional investments.

About the Author (Editorial Team)

David Nakayama

If content is king, there must be a kingmaker. And the universal theme in my favorite stories is our innate human desire for freedom. I have a master’s degree in Chinese education and experience spanning industries and countries. As the Comms guy at DET, I’m obsessed with the stories behind our products and people. Share your stories with me  https://www.linkedin.com/in/yushi-david-nakayama/

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