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Thai FoodTech start-ups to receive support

Image Credits: The Thaiger, News Report

According to a recent report, a global platform for early-stage start-ups announced its partnership with the National Innovation Agency (NIA), Thai Union Group and Mahidol University’s Science Faculty. The parties are collaborating the SPACE-F program that aims to build a sustainable ecosystem to nurture FoodTech start-ups in Thailand.

SPACE-F is the first global FoodTech start-up incubator and accelerator in Thailand and will provide innovative services and support to empower the next generation of innovation in FoodTech. There are two tracks to the program: Incubator track for initial stage start-ups; and Accelerator track for growth stage start-ups (Thai and non-Thai nationals), and it is accepting applications from now until the end of this July 2019.

Eligible applicant start-ups must innovate in one of the following areas: health and wellness; alternative proteins; smart manufacturing; packaging solution; novel food and ingredients; biomaterial and chemical; restaurant tech; food safety and quality; smart food services.

The SPACE-F program’s non-equity model allows founders to have full ownership of their ideas and products and at the end of the program (up to 15 months for Incubator and three to eight months for Accelerator), founders will have opportunities to meet qualified investors including Thai Union Group and other VCs and CVCs. Participants of the program will also be provided with unique expertise and guidance from local and global mentors.

By providing value beyond space, start-ups will be mentored in SPACE-F, helping them with the tools and knowledge they need to succeed, and leveraging the companies’ global expertise to support them through the program.

It was noted that now is the perfect time for FoodTech advancements, and along with the perfect partners for this program, the co-work space provider was excited to select Thailand as the first stop to launch its partnered Food Labs program and help bring to life some of today’s brightest ideas right here in Thailand.

The Labs arm of the company is its innovative platform that supports early-stage start-ups and corporations, and it has recently debuted its Food Labs program, which is the company’s first innovation space dedicated to powering the future of food and aims to support growing start-ups by bringing together entrepreneurs, industry experts and investors to build an innovative community to address the biggest challenges facing the global food industry.

In Thailand, the Labs arm partnered with the National Innovation Agency, Thai Union Group PCL. and Mahidol University to form part of SPACE-F’s unique cooperation – comprising government, private, and university partners – that supports the local ecosystem by enabling greater accessibility of resources for both ideas and start-ups to grow.

The Executive Director of the National Innovation Agency (NIA) stated that the aim is to create greater platforms for nurturing deep tech start-ups in the food industry and is delighted to partner with the co-working space firm and leverage its Food Labs platforms to further accelerate start-ups to grow beyond Thailand seamlessly.

Together with its strength in innovation, this will help foster new initiatives leading to a better quality of life, improved global food security and innovative job creation, as well as showcasing Thailand’s ability to compete on the global stage.

As innovation in the food industry is looked into further, it will help raise the competitiveness of Thailand’s food industry to international standards, the partnership will open new avenues for start-ups to prove their ideas.

In aiming to boost Thailand on the global stage, a new wave of FoodTech start-ups looking to disrupt the industry is expected to appear in the marker.

SPACE-F will be located at Mahidol University’s Faculty of Science and provides downtown lab access to high-tech machinery and instrumentation that will facilitate the research and development of great ideas.

Expanding to other countries is made easy with access to the co-working space firm’s workspaces in 60 locations worldwide, the support of its connections, as well as the NIA program of promoting start-up’s abroad.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.