The National Innovation Agency (NIA) has launched "startupthailand.org", a revamped version of its former website aimed at becoming a hub for Thai startups and fostering growth in the Thai startup ecosystem.
The site is an ecosystem database that allows businesses from the Thai startup community to register and receive accreditation from the Ministry of Science and Technology's Startup Thailand scheme. It will enable them to gain access to various privileges from the government such as tax exemptions and funding.
Another aim of the website is to serve as a platform that connects entities involved with the Thai startup community, such as startups, innovators, investors, incubators and state agencies.
Being supported by a government agency, the site hopes to elevate the standing of Thai startups by raising their credibility and drawing in more international investors, said the Market for Alternative Investment (MAI) president Prapan Charoenprawat.
He said creating an ecosystem is fundamental to support the Thai startup community and foster continued growth of the sector.
The site's database also allows startup investors and supporters to mingle and enables companies to find business partners, he said.
"The site is also suitable for people who wish to embark on their own path of entrepreneurship to mingle and learn about the startup ecosystem," said NIA acting director Pariwat Wongsamran.