<div id="dashboard-description">
 <input type="checkbox" class="read-more-state" id="text-from-report"/>
 <div class="read-more-wrap">
 <img src="https://images.unsplash.com/photo-1531169628939-e84f860fa5d6?ixlib=rb-4.0.3&amp;ixid=M3wxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHx8fA%3D%3D&amp;auto=format&amp;fit=crop&amp;w=1000&amp;q=80" alt="aerial photography of cityscape during night time">
 Over the last forty years, Thailand has taken steps toward becoming a more economically developed country through multiple reforms and social innovations. Mainly seen as a tourist destination, the emergence of COVID-19 caused the public sector to prioritize startup ecosystem development as an important step in securing Thailand’s future economic growth. Those efforts are not yet comparable to Thailand’s counterparts in locations like Singapore or Malaysia, but they are a good start toward ensuring that Thai ecosystems can realize their potential. Encouragingly, Thailand has seen several successful startups reach unicorn status in recent years, including Line Man Wongnai, Flash Express, and Ascend Money, each surpassing a US$ 1 billion valuation. 
<div class="read-more-target">
 Thailand attracts not only tourists but also flocks of digital nomads who reside largely in Chiang Mai and Bangkok. With creative policies, the Thai public sector could tap into this immense knowledge and talent base. The goal should be to connect local and foreign entrepreneurs with the hope that viable projects will follow, increasing linkage to Thailand and its talented people.
While there are promising efforts in this direction, Thailand’s startup ecosystem still faces growing uncertainty around potential changes to the tax code, particularly concerning the treatment of foreign revenue. This ambiguity may create hesitation among investors and expats if left unaddressed. 
 Despite these concerns, the Thai public sector is innovative in terms of visa programs and the deployment of other vehicles to allow expats to stay in Thailand long-term. Examples include the unique Elite Visa for business, leisure, and professional travel, as well as a Smart Visa for foreigners who have established tech startups in Thailand. Moreover, the newly launched Long-Term Residents Visa is the first visa with various tax and non-tax benefits for high-potential individuals. 
 A government organization that contributes to the globalization of the startup ecosystem, the National Innovation Agency, attracts foreign investment by promoting strategic startup ecosystems as centers for innovation in a number of key industries. Another public sector organization that plays an important role in the Thailand startup ecosystem is Thailand Science Research and Innovation, as it shapes national strategies that integrate science, technology, research, and innovation initiatives across various sectors.
Infrastructure is an important element for attracting foreigners; government-announced infrastructure investments like U-Tapao Airport City, the high-speed railway, and the MRT Purple Line are likely to create an attractive environment. 
 Under Thailand 4.0, the Eastern Economic Corridor (EEC), a special economic zone in eastern Thailand, aims to boost Thailand’s position as a high-tech and innovation hub, bolstered by infrastructure and investment incentives. In addition to these government efforts, founders can benefit from a supportive startup community, affordable living, and low operating costs in Thailand. Another significant asset to the Thailand startup ecosystem is True Digital Park, Southeast Asia’s largest digital innovation hub. The park hosts over 5,800 startups, tech entrepreneurs, and leading organizations, both domestic and international, with an active membership exceeding 14,000. 
 As in other Asian countries, Thailand would benefit from a cultural shift toward making the young population less risk-averse and more entrepreneurial. Thankfully, the country has had several unicorns in the past years. Hopefully, this will stimulate the entrepreneurial spirit of the population and draw more capital into the startup ecosystem. Considering Thailand’s robust economy, the country could produce more unicorns in the coming years. For this to happen, the ecosystem needs to attract more foreign investment. To this end, the Thai government has already passed tax cuts for VCs and incentivized investing in certain industries. 

 </div>
 </div>
 <label style="z-index: 100000;position: relative" for="text-from-report" class="read-more-trigger"></label>
 </div>

![aerial photography of cityscape during night time](https://images.unsplash.com/photo-1531169628939-e84f860fa5d6?ixlib=rb-4.0.3&ixid=M3wxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHx8fA%3D%3D&auto=format&fit=crop&w=1000&q=80)
 Over the last forty years, Thailand has taken steps toward becoming a more economically developed country through multiple reforms and social innovations. Mainly seen as a tourist destination, the emergence of COVID-19 caused the public sector to prioritize startup ecosystem development as an important step in securing Thailand’s future economic growth. Those efforts are not yet comparable to Thailand’s counterparts in locations like Singapore or Malaysia, but they are a good start toward ensuring that Thai ecosystems can realize their potential. Encouragingly, Thailand has seen several successful startups reach unicorn status in recent years, including Line Man Wongnai, Flash Express, and Ascend Money, each surpassing a US$ 1 billion valuation. 

==read-more==

 

 Thailand attracts not only tourists but also flocks of digital nomads who reside largely in Chiang Mai and Bangkok. With creative policies, the Thai public sector could tap into this immense knowledge and talent base. The goal should be to connect local and foreign entrepreneurs with the hope that viable projects will follow, increasing linkage to Thailand and its talented people.

While there are promising efforts in this direction, Thailand’s startup ecosystem still faces growing uncertainty around potential changes to the tax code, particularly concerning the treatment of foreign revenue. This ambiguity may create hesitation among investors and expats if left unaddressed. 

 

 Despite these concerns, the Thai public sector is innovative in terms of visa programs and the deployment of other vehicles to allow expats to stay in Thailand long-term. Examples include the unique Elite Visa for business, leisure, and professional travel, as well as a Smart Visa for foreigners who have established tech startups in Thailand. Moreover, the newly launched Long-Term Residents Visa is the first visa with various tax and non-tax benefits for high-potential individuals. 

 

 A government organization that contributes to the globalization of the startup ecosystem, the National Innovation Agency, attracts foreign investment by promoting strategic startup ecosystems as centers for innovation in a number of key industries. Another public sector organization that plays an important role in the Thailand startup ecosystem is Thailand Science Research and Innovation, as it shapes national strategies that integrate science, technology, research, and innovation initiatives across various sectors.

Infrastructure is an important element for attracting foreigners; government-announced infrastructure investments like U-Tapao Airport City, the high-speed railway, and the MRT Purple Line are likely to create an attractive environment. 

 

 Under Thailand 4.0, the Eastern Economic Corridor (EEC), a special economic zone in eastern Thailand, aims to boost Thailand’s position as a high-tech and innovation hub, bolstered by infrastructure and investment incentives. In addition to these government efforts, founders can benefit from a supportive startup community, affordable living, and low operating costs in Thailand. Another significant asset to the Thailand startup ecosystem is True Digital Park, Southeast Asia's largest digital innovation hub. The park hosts over 5,800 startups, tech entrepreneurs, and leading organizations, both domestic and international, with an active membership exceeding 14,000. 

 

 As in other Asian countries, Thailand would benefit from a cultural shift toward making the young population less risk-averse and more entrepreneurial. Thankfully, the country has had several unicorns in the past years. Hopefully, this will stimulate the entrepreneurial spirit of the population and draw more capital into the startup ecosystem. Considering Thailand’s robust economy, the country could produce more unicorns in the coming years. For this to happen, the ecosystem needs to attract more foreign investment. To this end, the Thai government has already passed tax cuts for VCs and incentivized investing in certain industries.

Wongnai

Ookbee

FlowAccount

2C2P

Bitkub Capital Group Holdings

The country has some notable startup success stories including , 2C2P.

Thailand has 3 cities in the top 1000
      and is one of South East Asia’s best countries for setting up a startup.

Thailand’s startup scene saw an increase in 2025 and jumped
      1 spot from the previous year, outranking Armenia.

Thailand’s startup ecosystem ranks 4th in South East Asia and 53rd globally. Thailand’s startups raised 12741494 US dollars on average. Find the most promising startups, unicorns, and notable exits in Thailand.

Startup Ecosystem of Thailand | Startupblink

Our startup ecosystem map for Thailand includes a sample of 326
      tech companies. We have identified as unicorns 4 startups that have passed the USD 1 billion valuations.

With a large variety of accelerator programs and initiatives, Thailand's startup scene stands out from that of other countries in South East Asia. Thailand offers a number of funding
opportunities for entrepreneurs and startups. Below is a list of some of Thailand's most prominent support initiatives:

An inspiring ecosystem that is steadily due to its growing use of digital technologies, rapid urbanization and planned investments

WADAAG TECHNOLOGIES

Sostec

FGS Bill Tracker

Zaad

Wadaag Investment

A growing regional and global startup leader 

bitget.com

AscendEX

DeBank

Trip.com

Viki

A vibrant and strong startup hub attracting international recognition and investment

Cámara de Comercio de Bogotá

Founder Institute (FI) Bogota

RockStart Latam 

Calle 26 # 92-32

Carrera 7 #116-50

Carrera 19 # 100 - 45

Toastmasters Bogota

Picap

Autolab

Cubbo

Rappi

Addi

Bold

Calle 127a # 53a-45

A leading regional startup hub owing its succes to the creative and innovative spirit of its people 