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            <input type="checkbox" class="read-more-state" id="text-from-report"/>
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                <p><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">
<br>
Over the last forty years, Thailand has taken a leap forward into 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 focused or determined enough compared to Thailand’s counterparts in locations like Singapore or Malaysia, but are a good start toward ensuring the Thai ecosystem can fulfill its potential.<br> <div class="read-more-target">
<br>Thailand attracts not only tourists, but also flocks of digital nomads residing 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. This is not yet happening at a satisfactory rate.<br>
<br>Though the linkage of foreign and local talent is still lacking, 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 <a href="https://www.thailandelite.com/">Elite visa</a> for business, leisure, and professional travel, as well as a <a href="https://smart-visa.boi.go.th/smart/pages/smart_s.html">Smart Visa</a> for foreigners who have established tech startups in Thailand. Moreover, the newly launched <a href="https://ltr.boi.go.th/">Long-Term Residents Visa</a> 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 scene, the National Innovation Agency (NIA), attracts foreign investment by promoting strategic startup ecosystems as centers for innovation in a number of key industries.<br>
<br>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. In addition to these government efforts, founders can benefit from a supportive startup community, affordable living, and low operating costs in Thailand.<br>
<br>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, such as Line Man Wongnai, Flash Express, and Ascend Money, all passing US$1 billion in valuation. Hopefully, this will stimulate the entrepreneurial spirit of the population and draw more capital into the startup scene.<br>
<br>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.<br></p>

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![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)
<br>
Over the last forty years, Thailand has taken a leap forward into 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 focused or determined enough compared to Thailand’s counterparts in locations like Singapore or Malaysia, but are a good start toward ensuring the Thai ecosystem can fulfill its potential.<br> ==read-more==
<br>Thailand attracts not only tourists, but also flocks of digital nomads residing 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. This is not yet happening at a satisfactory rate.<br>
<br>Though the linkage of foreign and local talent is still lacking, 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](https://www.thailandelite.com/) for business, leisure, and professional travel, as well as a [Smart Visa](https://smart-visa.boi.go.th/smart/pages/smart_s.html) for foreigners who have established tech startups in Thailand. Moreover, the newly launched [Long-Term Residents Visa](https://ltr.boi.go.th/) 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 scene, the National Innovation Agency (NIA), attracts foreign investment by promoting strategic startup ecosystems as centers for innovation in a number of key industries.<br>
<br>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. In addition to these government efforts, founders can benefit from a supportive startup community, affordable living, and low operating costs in Thailand.<br>
<br>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, such as Line Man Wongnai, Flash Express, and Ascend Money, all passing US$1 billion in valuation. Hopefully, this will stimulate the entrepreneurial spirit of the population and draw more capital into the startup scene.<br>
<br>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.<br>

Explore the Startup Ecosystem of undefined and compare its rankings to thousands of locations across 12 industries

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Web Development

•	Payment card processing with best-in-class payment routing, fraud management and business intelligence
•	Alternative payment options (off-line, over-the-counter, or through online direct debit) to empower consumers beyond payment cards
•	Integration with existing payment alternatives


2C2P

Roojai.com is a digital insurance platform providing new car insurance services for drivers.

Roojai.com

Thailand's Leading Cryptocurrency Exchange

Bitkub Capital Group Holdings

Pomelo aims to revolutionize fast fashion ecommerce in Southeast Asia by building a fashion brand and marketplace providing international trends with an incredible customer experience, from product videos to same day delivery.  We keep the collection fresh with new arrivals every week, sourced with attention to detail and quality from the fashion capitals of Asia: Seoul, Tokyo and Hong Kong.

Pomelo

Rabbit Care is your first choice for insurance and banking advise. We provide great customer experience through our digital platform and customer care center.

Rabbit Care

Sunday is an InsurTech group adopting data models and technology to offer insurance products and services to the entire customer journey.

Sunday

Insurtech - Sunday Insurance Company Limited. Smart Insurance. Born Simple. Better value through intelligence

SUNDAY INS CO., LTD

Mercular operates as an online shopping platform.

Mercular

We connect empty stomachs with empty tables.
Time based discounts up to 50% for every restaurant, every day!
Merchants move customers from peak to off peak and attract new customers increasing profitability. Unlike Groupon merchant profitability is part of the DNA of eatigo.
Users make online reservations and never pay full price again, enjoying discounts from 10% to 50% "depending on the time slot for each restaurant every single day.
We are preparing to launch in Thailand and Singapore partnering with top telcos, banks and online directories in each market for access to massive customer base off the bat and speed scaling.
This product will motivate a quick adoption of online bookings due to the disruptive motivator of continuous and significant discounts for all major restaurants in the area.

You can watch our TVC at
https://vimeo.com/75377489


eatigo

FreshKet is a workflow-integrated marketplace for fresh food suppliers and restaurants.

FreshKet

Fastwork is Southeast Asia's largest professional freelancing platform.

Fastwork

One of the leading Hardware and IoT hubs in the world wth high-tech R&D capacity and highly-trained professionals

ProLogium

Pickupp

Tern

KKday

17LIVE

The News Lens

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

Solargen

Wadaag Technologies

Zaad

Waafi App

A growing regional and global startup leader 

Oddle

Flash Coffee

Grain

ONE Championship

Glints

BandLab

A vibrant and strong startup hub attracting international recognition and investment

Autolab

Picap

Instaleap

Addi

Platzi

Frubana

Regus - Bogota, Tierra Firme Santa Barbara

Tierra Firme

Regus - Bogota, Calle 100, Capital Tower

Rappi

Habi

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