The fund is worth about Bt1 billion or US$30 million, contributed by EMC and other listed firms in construction, building materials and manufacturing sectors. “Start-ups are supposed to solve the pain points of existing businesses and their customers as in the banking and telecom sectors. For example, new material breakthroughs will benefit the construction and building material sectors as will logistic optimisation technology. “Startups involved in property after-sale services are also interesting, as are those in asset maintenance management using predictive analytics. The startups are nimble and risk-taking, while the established enterprises need to overcome internal cultural barriers to be innovative.

Source: The Nation Bangkok May 28, 2019 02:14 UTC