DOCSLIB.ORG

Thailand Startup Ecosystem Jinn Issarachaikul Corporate Innovation Powerhouse COO, RISE Mission

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Thailand Startup Ecosystem Jinn Issarachaikul Corporate Innovation Powerhouse COO, RISE Mission In partnership with Thailand Startup Ecosystem Jinn Issarachaikul Corporate Innovation Powerhouse COO, RISE Mission To lift 1% of GDP for Thailand and SE Asia Corporate Innovation Powerhouse Thailand | Malaysia | Singapore through Corporate Innovation Thailand Overview Corporate Innovation Powerhouse SEA e-Conomyat a Glance SEA covers 6 countries in Southeast Asia Total population of 655 Million people 96M Vietnam 570 million 105M people across the 6 countries 69M covered by e-Conomy SEA Philippines Thailand Indonesia, Malaysia, Philippines, Singapore, 32M Thailand, Vietnam Malaysia 264M 6M Indonesia Singapore Source: World Bank Source: Google Temasek Report 2019 Thailand by the Numbers 57M 126M 52M 4hr56m 65% Internet User Mobile •Active Mobile Time Spent Mobile Banking (82% penetration) Subscription Social Media Users on mobile per day Penetration (180% of Population) Sizable Internet Population. 2nd leading GDP in SEA Extremely high mobile internet usage. World’s leading Social Media time spent. Relatively high mobile banking penetration. Avg age 40, soon to enter aging society. Source: aseanup.com; we are social 2019; depa Thai Startups & Fund Raising Corporate Innovation Powerhouse Activities 2019 Thai Startup by Stages 2019 [3] Series C aCommerce; Pomelo; 2C2P [9] Series B Ookbee; Eko; Omise; Eatigo; Finnomena; Baania; [31] eCarstudio; Wongnai; Priceza; Series A Update: Jan 2020, aCommerce, end-to- [73] end ecomm enabler had raised $15M, Seed making them the 1st series D in Thailand. Total fund raised $119M and they are Approx. 700-800 Startups in Total projected to be the first Thai unicorn. Source: Techsauce Thailand Startups Ecosystem Report 2019 2019 Thai Startup Deals in 2019 By the Sector Notable Deals 2019 Fintech 20% E-Commerce Retail E-Commerce 17% Raised $52M Series C Property Tech 9% Health Tech 6% Ed Tech 6% Auto Tech 6% 35 Deals; At least 98M USD Food Tech 6% 0% 5% 10% 15% 20% 25% Source: Techsauce Thailand Startups Ecosystem Report 2019 Thai Startup Fund Raised 2011-2019 40 120 35 35 35 106.1 100 31 31 97.55 30 27 26 Over 9 years 78.17 80 25 • Total 202 deals • USD 435M Value 20 61.25 60 RISE’s POV 15 14 on Outlook 2020 42.72 40 36.3 • We foresee 10 numbers of deals 20 staggered 5 • COVID-19 will 2 9.73 1 likely impact 1 3.1 0 0 investment 2011 2012 2013 2014 2015 2016 2017 2018 2019 activities across Deal Value (USD Million) all stages Source: Techsauce Thailand Startups Ecosystem Report 2019 Opportunity: B2B Play Thailand’s Focus Industries In-demand for B2B Avoid: • Food Tech • FinTech • B2C e-Commerce • Agri Tech • AI/Big Data • B2C Services • Tourism & MICE Tech • IoT & Robotics • Health Tech • Enterprise Solution • Manufacturing & logistics Food, agri and tourism are main sectors where Thailand needs to maintain its competitive advantage. In addition, high quality health care at a reasonable price will boost health tourism. Together with aging society, this would lead to higher demand in healthcare and insurtech service providers in the long term. We also expect an upside demand for B2B solutions on the enterprise side as COVID-19 caused more companies - not just industry leaders– to transform faster. Avoid B2C marketplaces, eCommerce and services as Asian Unicorns and even Global firms are competing heavily. Investors Corporate Innovation Powerhouse & Ecosystem Investors Landscape At least 50 VC, CVCs and Corporate Investors • Thailand has the most CVCs in SE Asia, out numbering VCs • Most Thai CVCs invest in late stage startups, prioritize strategic fit or synergy. Financial return comes second. • Thai CVCs have appetite in late stage foreign strartups. 63% of Thai CVCs said they would invest out of Thailand • The biggest TH investment in foreign startup deal in 2019: Kbank invested $65MB in Send, Vietnam. Source: Techsauce Thailand Startups Ecosystem Report 2019; The Investor Survey 2018 by TVCA Thailand Incubators and Accelerators Landscape Open for Foreign Startups Growth Thai Startups Focus stages with Venture Funding Krungsri size Years Operated Bangkok Finnovate Hubba Bank accel. InnoHub KBANK UOB KATALYST Finlab True Incube Space-F AIS The Startup Tipco Alliance connext Ayuthaya ImpacTech Activator (social) depa Sprint Early SPARK x stages Nia Techsauce FinTech FoodTech Industry Agnostic Source: Techsauce Thailand Startups Ecosystem Report 2019; INTRODUCTION TO RISE’S GLOBAL ACCELERATOR PROGRAM UNIQUE STANDPOINTS Real World Outcome Driven No Equity Real Problem Get Real Corporate Deals taken We bring real corporate pain-points to Our program is designed to deliver tangible RISE is committed to searching and startups who can address their pain. This business results for both corporates and plugging in notable startups to work with way we can ensure that corporates have startups. The program focus on matching leading corporates in Southeast Asia without real need and urgency to collaborate with startups with corporate partners to work on a any equity taken. startups. POC or pilot project which can lead to commercial deals and investment opportunities. COMMERCIAL PROJECT/POC FOCUSED PROGRAM PROGRAM 2020 For our 2020 program, we are focusing on 4 major technological tracks: Open for Application Now - June 15, 2020 THANK YOU Learn more and apply to our Global Accelerator Program Open for Application Now - June 15, 2020 Contact: Nidnaparng Pang Ohnaree Community and Partnership Manager, RISE gap.riseaccel.com [email protected].
Load more

Recommended publications
  • Founder Series, Wednesday 6Th June - SGD$65 (Single Event Only - Evening)
    presented in partnership with WEDNESDAY 6TH JUNE Location: Core Collective, Level 22, PROGRAMME 79 Anson Road, Singapore 6.15PM Guest arrival & registration 7.00PM Welcome remarks 7.15PM Panel discussion 8.15PM Audience Q&A 8.30PM Drinks & networking 8.45PM Optional tour of Core Collective 9.30PM Event ends THE PANELISTS JESRINA ARSHAD BRAD ROBINSON ELIKA MATHER PurelyB Ritual Gym Kitchen by Food Rebel ABOUT THE PANELISTS JESRINA ARSHAD | PurelyB Jesrina is the Co-founder and CEO of PurelyB.com. Launched in 2015, PurelyB is South East Asia’s leading health and wellness online community portal. Providing holistic wellness content on nutrition, fitness and mindfulness with a mission to transform people’s quality of health and life through online guided solutions created by the best health experts worldwide. In 2016 PurelyB launched Malaysia’s first holistic wellness TV show with Astro, SE-Asia’s largest media entertainment group. Today they have members spanning across 8 countries globally including US, Australia and UK. Prior to PurelyB, Jesrina was Head of Digital Marketing & Strategy at Astro Malaysia Holdings, Digital media manager at Mindshare Malaysia (Head of Digital for clients Maxis, Astro & Sime Darby Group), and Web Designer & Developer at VLT (now Mckinsey Labs). Jesrina holds a Bachelor’s degree in Multimedia Technology and Design from the University of Kent, and a Master’s degree in Marketing. BRAD ROBINSON | Ritual Gym Brad Robinson is a Founder and Chief Executive of the award-winning Ritual Gym. With over 15 years of global entrepreneurial experience, Brad is a proven business leader and entrepreneur now driven by his desire to change the global fitness landscape, improving lives along the way.
    [Show full text]
  • The Future of Payments
    FULL AGENDA REVEALED! 21 st 20th-21st April 2016 Annual Suntec Convention Centre, Singapore THE FUTURE OF PAYMENTS Organised by www.cardsasia.com.sg Jane’s alarm wakes her at 06:00. Out of habit, she rolls OUR STORY over and checks her phone for messages. A notification flashes up, her metro card doesn’t have enough credit A DAY IN to take her across town for her scheduled 9am meeting. Cards & Payments Asia is the region’s most established event on payments disruption and innovation. One swipe and the balance is topped up. Back in 1996 we launched the conference as an opportunity for the card manufacturing industry to THE LIFE meet and discuss the most pressing issues of the day. As the payments industry evolved, so too did the conference, charting as it grew the rise of the web, the growth of digital payments and the changed expectations of the connected customer. Getting out of bed, Jane makes her way down to the kitchen. With only a couple of coffee capsules left in the Over the years we have also responded to the growth of the payments ecosystem by launching a series container, she realises she’s about to be caught short. of co-located yet interlinked conferences which bring together key end users for our primary payments- Fortunately she’s able to order her favourite blend with focused client base. These senior level events are: just a click of a button on the container, the charge being automatically deducted from her account and loyalty points being added without any fuss.
    [Show full text]
  • Thai News Update: 21 May 2020
    Thai News Update: 21 May 2020 1. Baht is Asia’s top outperformer on tourism rebound bet Source: Bangkok Post (Link) After lagging other Asian currencies for most of the year, Thailand’s baht has staged a sharp rebound to outperform its peers. The baht has rallied almost 1.5% in May after dropping over 7% in the first four months of 2020. The catalyst? Traders are betting Thailand’s tourism- dependent economy will recover swiftly from the virus-induced slump as economies begin to reopen. “The sooner availability of a vaccine will mean a quicker recovery in industries such as retail and tourism, and as such currencies relying more on these sectors may respond more,” said Frances Cheung, Singapore-based head of Asia macro strategy at Westpac Banking Corp. Yanxi Tan, a foreign exchange strategist at Malayan Banking Bhd. expects the baht to rise to 31.7 per dollar by year-end as the pandemic dissipates. The currency rallied as much as 0.5% to 31.872 per dollar on 19 May, with sentiment bolstered by signs of progress in developing a vaccine against the virus. 2. Organic rice gets trade boost Source: Bangkok Post (Link) The Commerce Ministry has registered a domain for Thai farm and food products, TraceThai.com, with local organic rice chosen as the pilot product given its high value, strong market demand and export potential. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, said the registration is part of an ongoing project of the office in supporting Thai farmers and Thai organic rice exporters.
    [Show full text]
  • Thailand a Smart Guide to Shipping
    CONNECT Thailand A smart guide to shipping This is your quick guide to help you connect with customers and businesses across Thailand. It’s here to help you understand the local culture, shipping requirements, regulations and key commercial opportunities to expand your business. united problem solversTM Contents CONNECT Thailand Visit UPS.com Thailand Overview 03 > Find out the most important facts about the markets to help you assess the potential for your business. Economic Potential 04 > Learn about what sells where and the most popular exports and imports that may be relevant to your sector. Business Culture 09 > Pointers on how to build successful relationships with local businesses and consumers. Tips and Advice 10 > Useful information and directory to help you ship to and from Thailand. Connecting with UPS 12 > A quick overview of UPS capabilities and experience and how we can help connect your business with customers across Thailand. 02 Contents Thailand Overview Economic Potential Business Culture Tips and Advice Connecting with UPS Thailand Overview CONNECT Thailand Visit UPS.com Open your new trade Thailand is known as The 'Land of Smiles' and has an ancient culture. It is a major economy in South East Asia with a strong international outlook. Thailand enjoys a strategic location at the heart of South East Asia and serves as a gateway to Southeast Asia route to Thailand. and the Greater Mekong sub-region, where new emerging markets offer great potential for business. From Thailand, it is convenient to trade with China, India and the countries of the Association of Southeast Asian Nations (ASEAN), which has a cumulative population of more than 500 million.
    [Show full text]
  • Oecd-Competitive-Neutrality-Reviews-Thailand-2020.Pdf
    FOSTERING COMPETITION IN ASEAN OECD COMPETITIVE NEUTRALITY REVIEWS: SMALL-PACKAGE DELIVERY SERVICES IN THAILAND SERVICES DELIVERY OECD COMPETITIVE NEUTRALITY REVIEWS: SMALL-PACKAGE OECD Competitive Neutrality Reviews THAILAND SMALL-PACKAGE DELIVERY SERVICES 1 OECD Competitive Neutrality Reviews: Small-Package Delivery Services in Thailand PUBE OECD COMPETITIVE NEUTRALITY REVIEWS: SMALL-PACKAGE DELIVERY SERVICES IN THAILAND © OECD 2020 2 OECD COMPETITIVE NEUTRALITY REVIEWS: SMALL-PACKAGE DELIVERY SERVICES IN THAILAND © OECD 2020 3 Foreword Southeast Asia, one of the fastest growing regions in the world, has benefited from a broad embrace of economic growth models based on international trade, foreign investment and integration into regional and global value chains. Maintaining this momentum, however, will require certain reforms to strengthen the region’s economic and social sustainability. This will include reducing regulatory barriers to competition and market entry to help foster innovation, efficiency and productivity. The logistics sector plays a significant role in fostering economic development. Apart from its contribution to a country’s GDP, a well-developed logistics network has an impact on most economic activities. An efficient logistics system can improve a country’s competitiveness, facilitate international trade and enhance its connectivity to better serve consumers and meet the needs of regionally integrated production facilities for reliable delivery of inputs and outputs. The OECD Competitive Neutrality Reviews: Small-Package Delivery Services in Thailand, undertaken within the framework of the ASEAN Competition Action Plan, assesses the impact of state-owned enterprises on competition in Thailand. The analysis focuses on small-package delivery services, a fundamental part of the logistics sector due to their important role in the rapidly growing e-commerce sector.
    [Show full text]
  • The Role of Live Streaming in Building Consumer Trust and Engagement
    Journal of Business Research xxx (xxxx) xxx–xxx Contents lists available at ScienceDirect Journal of Business Research journal homepage: www.elsevier.com/locate/jbusres The role of live streaming in building consumer trust and engagement with social commerce sellers ⁎ Apiradee Wongkitrungruenga, , Nuttapol Assarutb a Business Administration Division, Mahidol University International College, 999 Phutthamonthon 4 Road, Salaya, Nakhonpathom 73170, Thailand b Marketing Department, Chulalongkorn Business School, Phyatai Road, Pathumwan, Bangkok 10100, Thailand ARTICLE INFO ABSTRACT Keywords: Live streaming services (e.g., Facebook Live), whereby video is broadcast in real time, have been adopted by Social commerce many small individual sellers as a direct selling tool. Drawing on literature in retailing, adoption behavior, and Shopping value electronic commerce, this paper proposes a comprehensive framework with which to examine the relationships Customer trust among customers' perceived value of live streaming, customer trust, and engagement. Symbolic value is found to Customer engagement have a direct and indirect effect via trust in sellers on customer engagement, while utilitarian and hedonic values Live streaming are shown to affect customer engagement indirectly through customer trust in products and trust in sellers sequentially. Elucidating the role of live streaming in increasing sales and loyalty, these findings suggest dif- ferent routes through which small online sellers can build customer engagement with two types of trust as mediators. Theoretical and managerial implications of this analysis for social commerce are further discussed at the conclusion of this paper. 1. Introduction Yu, 2006). Some online sellers are trying to address such customer concerns by allowing the return of products, or by using third-party Today, social networking sites (hereafter, “SNSs”) such as Facebook, payment processors or cash on delivery.
    [Show full text]
  • Financial Statements 2017 Hubert Burda Media Holding Kommanditgesellschaft Content
    Financial Statements 2017 Hubert Burda Media Holding Kommanditgesellschaft Content Five-Year Overview ......................................................................................................................................................................................................................................................................................................................................... 4 Group Management Report ............................................................................................................................................................................................................................................................................................................ 5 Group Fundamentals .............................................................................................................................................................................................................................................................................................................. 5 Economic Report .......................................................................................................................................................................................................................................................................................................................... 7 Overall economic and industry situation ........................................................................................................................................................................................................................
    [Show full text]
  • Priceza X Hubert Burda Media: Press Conference 28 September 2016 Product Name … Search Shopping 13M Visits/Month Search Engine (From 6 Countries in SEA)
    Priceza X Hubert Burda Media: Press Conference 28 September 2016 Product Name … Search Shopping 13M Visits/month Search Engine (from 6 countries in SEA) +59M Products from +1,000,000 Merchants Priceza is the leading Shopping Search Engine and Price Comparison Shopping targeting SE Asia. Priceza targets >600m consumers in SEA Key Numbers of Priceza in 6 Markets – September 2016 (+13M visits/m) 7.5M visits/m Priceza Thailand Pop: 68m 8.5M products Launched Jan 2010 Priceza Vietnam Pop: 93m 100k visits/m Launched June 20151.2M products 600k visits/m Priceza Malaysia Pop: 30m Priceza Philippines 9.6M products Launched March 2015 Pop: 108m 300k visits/m Launched March 20153.2M products Priceza Singapore Priceza Indonesia4.5M visits/m 50k visits/m Pop: 6m Pop: 254m 4.5M productsLaunched March 2015 Launched May 2013 31M products Let’s summarize Priceza Thailand in Numbers 7.5 MM+ 14 MM+ 250,000+ 100% Shopping Visitors Pageviews per Daily Shopping Yearly Traffic per month month Users Growth 340,000+ 62% 31% 7% Social Media Fans Access via Mobile Access via Desktop Access via Tablet 500,000+ 800,000+ 60% 8.5 MM+ Mobile App Registered Members Returning Product Downloads with Email Visitors Database Let’s summarize Priceza Indonesia in Numbers 4.5 MM+ 6.7 MM+ 150,000+ 100% Shopping Visitors Pageviews per Daily Shopping Yearly Traffic per month month Users Growth 80,000+ 70% 26% 4% Social Media Fans Access via Mobile Access via Desktop Access via Tablet 500,000+ 100,000+ 60% 31 MM+ Mobile App Registered Members Returning Product Downloads with Email Visitors Database Who are our active users? • Male 48%, Female 52% • Age Group: 65% is 18-34 years old • Our visitors are not just passers-by.
    [Show full text]
  • The Effect of Indonesian E-Marketplace Reputation on Customer Trust in Online Shopping
    Journal of Theoretical and Applied Information Technology 15th February 2020. Vol.98. No 03 © 2005 – ongoing JATIT & LLS ISSN: 1992-8645 www.jatit.org E-ISSN: 1817-3195 THE EFFECT OF INDONESIAN E-MARKETPLACE REPUTATION ON CUSTOMER TRUST IN ONLINE SHOPPING YOHANNES KURNIAWAN, SITI ELDA HIERERRA, HENDRY NICHOLAS, JORDAN SETIAWAN, FRENDY Information Systems Department, School of Information Systems, Bina Nusantara University, Jakarta, Indonesia, 11480 E-mail: [email protected] ABSTRACT E-Marketplace is growing rapidly in Indonesia, and what is the problem of E-Marketplace, when is the level of customer confidence, both in marketplace services and the quality of sellers. This study aims to determine The Effect of Indonesian E-Marketplace Reputation on Customer Trust in Online Shopping. The method used in this research is analyzing Indonesian E-Marketplace reputation data by using the SmartPLS 3.0 application. The results of this research showed the positive significant effect of group reference and e- marketplace reputation on trust and the trust factor give positive significant effect to relationship commitment of customer to the seller. The results of the study can be applied to the E-Marketplace to enhance the reputation of E-Marketplace companies in Indonesia. Keywords: E-Marketplace, Reference, Trust in Online Shopping, Online, Customers. 1. INTRODUCTION Marketplace is similar to that of traditional market. The only distinction is that E-Marketplace is The paradigm shift that develops due to changes computerized by using a network in order to As time passes, technology has been developing support a market so that it will be efficient in rapidly. The Internet is one of the most effective providing updated information and service to and efficient means of information dissemination.
    [Show full text]
  • CONNECT Indonesia a Smart Guide to Shipping
    CONNECT Indonesia A smart guide to shipping This is your quick guide to help you connect with customers and businesses across Indonesia. It’s here to help you understand the local culture, shipping requirements, regulations and key commercial opportunities to expand your business. united problem solversTM Contents CONNECT Indonesia Visit UPS.com Indonesia Overview 03 > Find out the most important facts about the markets to help you assess the potential for your business. Economic Potential 04 > Learn about what sells where and the most popular exports and imports that may be relevant to your sector. Business Culture 07 > Pointers on how to build successful relationships with local businesses and consumers. Tips and Advice 08 > Useful information and directory to help you ship to and from Indonesia. Connecting with UPS 10 > A quick overview of UPS capabilities and experience and how we can help connect your business with customers across Indonesia. 02 Contents Indonesia Overview Economic Potential Business Culture Tips and Advice Connecting with UPS Indonesia Overview CONNECT Indonesia Visit UPS.com Open your new trade Indonesia is a country with tremendous economic potential. It is the largest economy in the 10-nation ASEAN (Association of Southeast Asian Nations) countries. Indonesia is the world's third most populous democracy, the world's largest archipelagic route to Indonesia. state, and the world's largest Muslim-majority nation. Local government aims to reduce the country’s exports of raw commodities and to diversify into both the manufacturing and service sectors. National facts and figures Indonesia Capital Jakarta Population 261,115,456 (2016) Land Area 1,904,569 sq.
    [Show full text]
  • Pet Food Market in Thailand Flanders Investment & Trade Market Survey
    PET FOOD MARKET IN THAILAND FLANDERS INVESTMENT & TRADE MARKET SURVEY Market Study /////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// PET FOOD MARKET IN THAILAND December 2020 //////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// FLANDERS INVESTMENT & TRADE - BANGKOK Economic & commercial representation of Flanders and Brussels / Thailand c/o Embassy of Belgium 16/F, Sathorn Square Tower, 98, North Sathorn Road, Bangrak, Bangkok 10500 - Thailand T: +66 21 08 18 15-16 | F: +66 21 08 18 17 E: [email protected] www.flandersinvestmentandtrade.com TABLE OF CONTENTS 1. INTRODUCTION ................................................................................................................................................................... 3 2. MARKET OVERVIEW ........................................................................................................................................................ 3 3. MARKET STRUCTURE ....................................................................................................................................................... 7 4. MARKETING MIX ................................................................................................................................................................. 9 4.1 PRODUCT 9 4.2 PRICE 10 4.3 PLACE 14 4.4 PROMOTION 14 5. CONSUMPTION
    [Show full text]
  • 2017 in Cyberspace: Start-Ups 20 Dec 2017 at 04:00
    2017 in cyberspace: Start-ups 20 Dec 2017 at 04:00 Thailand's start-up ecosystem of 2017 continues to grow, as more established companies begin to scale up in the wake of early funding rounds. Since 2012, the country has experienced a more than 2,000% increase in fully funded start-ups. Artificial intelligence (AI), machine learning and big data are key technologies adopted by tech start-ups for developing their applications. In 2017, blockchain, behaviour analytics, cloud adoption and consumer mobile payments are the top technological trend affecting every sector, especially financial and marketing. In the first half of 2017, Thailand saw at least a US$80 million (2.6 billion baht) investment in local tech start-ups -- compared with $86 million for the entirety of last year -- with online payment platforms the biggest winner. Here are the top ten Thai start-ups that have been proven successful this year. Omise Omise is one of Thailand's most successful online payment start-ups, and this year secured $25 million through an initial coin offering (ICO), which is a type of kick-starter crowdfunding campaign increasingly used by blockchain teams to fund the development and scaling of decentralised projects. Omise claims to be an expert in online payment and blockchain technology, and its technology has been adopted by Krungsri Finnovate, a subsidiary of Krungsri (Bank of Ayudhya) and member of the Mitsubishi UFJ Financial Group, which invested in Omise. The synergy between Omise and Krungsri represents another solid step in Omise's journey to build on its foundation of payment services and underpin its base not only in Thailand but in other countries throughout the region.
    [Show full text]