Stock Exchange of Thailand (SET) has launched a corporate venturing network that aims to connect listed companies to investment and partnership opportunities with Thailand-based startups.
SET’s Listed Corporate Venture Capital Club will be open to CVCs with total investments of approximately ฿15bn ($452m) as well as listed companies looking to form a corporate VC unit. Participants will gain access to training, networking opportunities and discussions on regulatory framework.
The exchange also operates the Live startup scheme, under which teams are given the opportunity to secure seed-stage capital. SET’s president, Kesara Manchusree, cited an industry report suggesting 8,000 new Thailand-based startups had been launched in the financial year ending September 2017.
Manchusree added: “The club has been set up for networking, exchanging information and organising activities to cultivate and accelerate startups via training, seminars, discussion on rules and regulations among others.
“This will be [a] great opportunity for networking between startups and corporations to establish collaboration, enhancing the startup ecosystem in Thailand.”