{"id":2912,"date":"2016-06-24T11:45:35","date_gmt":"2016-06-24T03:45:35","guid":{"rendered":"http:\/\/www.www.innovationiseverywhere.com\/?p=2912"},"modified":"2016-06-24T11:45:35","modified_gmt":"2016-06-24T03:45:35","slug":"techsauce-summit-2016-exciting-thailand-startup-ecosystem","status":"publish","type":"post","link":"https:\/\/innovationiseverywhere.com\/fr\/techsauce-summit-2016-exciting-thailand-startup-ecosystem\/","title":{"rendered":"Meet Us At TechSauce Summit 2016: Exciting Developments in Thailand's Startup Ecosystem"},"content":{"rendered":"

In a big leap for Thailand, Southeast Asia-focused tech news site <\/span>TechSauce<\/span><\/a> is partnering with Digital Ventures – the venture arm of SCB, one of the biggest banks in Thailand – in organising the <\/span>TechSauce Summit<\/span><\/a>, an event that brings the best of Silicon Valley to Thailand.<\/span><\/p>\n

Thailand is a hotspot for startups now <\/b>especially since their <\/span>government launched a 20 billion baht fund<\/b><\/a> (US$570 million) to support startups growing locally. They have a goal of establishing <\/span>10,000 startups in the country by 2018<\/b>, which would put Thailand in the same league as the \u2018Startup Nation\u2019 Israel by startups per capita!<\/span><\/p>\n

Startups in Thailand have excelled at ecommerce with Fintech growth coming at a close second<\/strong>. <\/span><\/p>\n

No surprises then that Facebook recently partnered with Thai payment processing startup <\/span>2c2p<\/span><\/a> to develop its social commerce capability by creating opportunities for customers to buy within the Facebook app in just a few clicks. Currently, South-east Asia is still an immensely untapped market with<\/span> less than 1% of shopping actually taking place online today, but the region is poised to eventually become the third-largest e-commerce market in the world, second only to China and India.<\/b><\/p>\n

Mobile is another big development in Thailand with 49% of the population owning a smartphone today. Thais are very fond of their mobile apps too, with <\/strong><\/span>24 million (37% of the population) accessing mobile apps every day!<\/b><\/p>\n

With Thailand being one of the biggest markets for messaging, it is no surprise that LINE Thailand launched its own internal R&D team in late-April 2016. Already it has launched a new delivery service called LINE Man that has green-jacketed guys – with LINE characters printed on them – delivering <\/span>takeaway meals, 7-11 products and offering courier services by scooters.<\/span><\/p>\n

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The newest service from LINE Thailand’s new R&D team is delivery service LINE Man.<\/p><\/div>\n

As these developments continue, the TechSauce Summit is building on the momentum by\u00a0<\/span>bringing together 100 of the country\u2019s most successful startups to share about their business as well as offer workshops. The 10 best will participate in a Growth-Stage Startup Pitching Battle which looks set to boost them even further. <\/b>Hence,\u00a0a myriad of opportunities in a variety of industries from\u00a0Fintech and eCommerce to Gaming and Enterprise Development look set to make it an exciting development for Thailand\u2019s startup ecosystem.<\/span><\/p>\n

So why go to the TechSauce Summit?<\/span><\/h2>\n