Venture capitalists target tech start-ups

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Venture capitalists target tech start-ups

Published: 12 Dec 2012 at 00.00
Newspaper section: Business

M8VC Co, a new venture capital fund, has outlined plans to invest at least 300 million baht in innovative tech start-up companies next year.

From left: Sua Kanjanasakchai, Varut Bulakul, Krisd Aksornwong, Permsiri Tiyavutiroj, Shakrit Chanrungsakul and Ponthep Sethiwan, with Pawoot Pongvitayapanu on the screen.

The company was founded by Ponthep Sethiwan, Shakrit Chanrungsakul, Pawoot Pongvitayapanu, Kit Arunanondchai, Sua Kanjanasakchai, Varut Bulakul, Permsiri Tiyavutiroj and Krisd Aksornwong.

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EfraimIP
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Discussion 2 : 13 Dec 2012 at 21.402
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@boons - I strongly disagree.
Its happening, and although recent, the startup innovation scene here is booming.
Talent is here in plentiful amounts, both in tech and design. Business knowledge still lacking and needs nurturing, but we helping that too.
I am serial entrepreneur with 100% track record that has disrupted 2 massive markets ($b+ companies) and I am building my 8th (and last) startup in Thailand right now.
We looked all over the world for a promising ecosystem when we decided to relocate, and surprisingly Thailand is the most attractive for us of them all.
ROI? Majority of Thai startups have dominated entire region.
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boons
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Discussion 1 : 13 Dec 2012 at 07.151
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This is an excellent first step, but it will take decades for Thailand to be a country synonymous with innovation. The programming and technical talent simply does not exist in Thailand at a high enough caliber. It is why he world's large technology corporations do not come to Thailand for any reason other than to access the Thai market. Virtually all development still takes place in other nations. And the technical schools in Thailand are *extremely* far behind those in nations which are technology innovators. This new investment and incentive will have positive effects indeed. It is unlikely that one of them will be ROI however.
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Venture capitalists target tech start-ups | Bangkok Post: business