Delta and Ministry of Industry Announce Prizes and Funding for Winners of the Delta Angel Fund for Startups 2020

Bangkok, Thailand, August 28, 2020–Delta Electronics (Thailand) PCL. and the Ministry of Industry’s Department of Industrial Promotion (DIP) today announced the winners of the Delta Angel Fund for Startup 2020 at the Office of the Ministry of Industry. At the awards ceremony, Delta Thailand awarded the 30 prize-winning Thai startup teams a combined total of 3.2 million Baht in corporate sponsorship funds.

Thailand’s Minister of Industry, Suriya Juangroongruangkit; Mr. Kobchai Sungsitthisawad, Ministry of Industry Permanent Secretary; Mr. Nattapol Rangsitpol, The Department of Industrial Promotion (DIP) Director-General; and Mr. Anusorn Muttaraid, Delta Thailand Executive Director; welcomed the participants to the ceremony and highlighted the many successes of the Delta Angel Fund for Startup and Delta and the Ministry of Industry’s effective collaboration to support new businesses and entrepreneurs during Thailand’s new normal recovery.

After the opening addresses, Mr. Jackie Chang, Delta Thailand President, joined the Minister of Industry, Suriya Juangroongruangkit, to award the Delta Angel Fund for Startup certificates and Delta’s corporate sponsorship funds to 10 top prize-winning teams and 20 participation prize-winning teams. Delta awarded each of the 10 First, Second and Third Prize teams 500,000 Baht, 300,000 Baht and 100,000 Baht in sponsorship funds respectively. Delta also awarded all the 20 Participation Prize teams 20,000 Baht each in sponsorship funds.

Besides the sponsorship funds, Delta supported all participating teams in the Delta Angel Fund for Startup 2020 throughout the year with technical and business training to develop their business proposals for automation and energy-saving innovation. First prize winners included the Chosen Energy team, which developed an electric vehicle charging platform for big data management and Coxsys Robotics, which developed an app-controlled COVID-19 sanitation robot.

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 five years, over 650 teams have passed the application stage to enter the Delta Angel Fund for Startup. Among them, 158 teams have won funds from Delta for their startup projects creating outstanding economic value of over 500 million Baht.

Throughout the COVID-19 crisis, Delta continues to support Thai enterprises and nurture local talent. The Delta Angel Fund for Startup is a key part of Delta’s many collaboration projects with the Thai government and top educational institutions which demonstrates its contribution to Thailand’s new normal recovery and aligns with the company’s brand promise: Smarter. Greener. Together.