Bangkok, Thailand, January 22, 2020–Delta Electronics (Thailand) PCL. and the Department of Industrial Promotion (DIP) held an open house event to launch the Delta Angel Fund for Startup 2020. Dr. Nattapol Rungsitpol, Director General of the Department of Industrial Promotion (DIP), and Mr. Anusorn Muttaraid, Executive Director of Delta Thailand, presided at the kickoff event at Century Park Hotel Bangkok.
The event, titled DIProm: Fulfill New Entrepreneurs, aimed to raise awareness among Thai startups and entrepreneurs about the Delta Angel Fund for Startup and other DIP activities or projects in 2020. The event is part of the Thai government’s New Entrepreneurs Creation (NEC) initiative which offers support for new businesses and entrepreneurs with the potential to become important players in the country's economy.
Since 2016, Delta has worked with the DIP at the Ministry of Industry to foster entrepreneurs and startup talent in Thailand. Delta Angel Fund for Startup aims to encourage young Thai entrepreneurs to establish business models that leverage advanced technology and develop useful products for commercial use.
Over the past four years, 650 teams have passed the application stage to enter the Delta Angel Fund for Startup. Among them, 174 teams have won funds from Delta for their startup projects and 122 teams have created outstanding economic value of over 450 million Baht.
The NEC initiative focuses on the creation and development of management skills among new businesses involved in “S-Curve” product innovation and technology in industries targeted for development in the Thailand 4.0 Policy.
Delta invests in Thailand’s future by nurturing local talent and empowering Thai youth through education. Delta’s Angel Fund for Startup is a key part of Delta’s contribution to its communities and stakeholders and is aligned with the company’s brand promise “Smarter. Greener. Together.”