Thailand-listed industrials group Siam Cement Group (SCG) has moved Prakit Worawattananon to managing director (MD) of its corporate venturing unit, AddVentures, and promoted him to director of its corporate innovation office.
Until the promotion in January this year, Worawattananon was director of deeptech innovation at SCG and led its Zero-To-One startup studio from April 2020 after a three-year stint running supply chain strategy for SCG Packaging.
Worawattananon said in a statement shared with TechNode Global: “My mission is not only to foster the embodiment of technologies within the company but also to develop employees’ mindset and ways of working to thrive in today’s fast-changing business environment.”
SCG launched AddVentures as in 2017 under Joshua Pas, who remains in place as its other MD, and it won GCV’s new entrant of the year award with a five-year plan to make early-stage investments in 25 to 35 startups and back as many as five VC funds.
Since then, it has made 20 investments in eight different countries, funding companies including packaging services marketplace Bizongo, printing services provider Printerous and agricultural services marketplace Tanihub.
Photo of Prakit Worawattananon courtesy of AddVentures.
