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Bangkok - SEA's Emerging Tech Hub

BANGKOK SEA's Emerging Tech Hub From Muay Thai to massages at every street corners, to scorpion eating and tuk tuk slaloming in the traffic, Bangkok's vitality and energy is also part of the Thai startup scene. With relatively low cost of living and three quarters of the population online, Thailand will play an important role in the SEA entrepreneurial scene. Thailand 66.7M inhabitants (Thailand) 9.3M inhabitants (Bangkok) 2nd largest economy in the ASEAN area WEF 37th Official language Thai GDP per capita growth 10% Average annual growth 400 in the world in 2012 1.5% startups in Bangkok alone (80% of the Thai startup community) 0.6% Global 20 000 Competitiveness Index 6.2% of services in millonaires economy Thailand USA Germany 35% 79% 76% 45% of population consider becoming an entrepreneur a desirable career choice (GEM) of population is aged below 24 of population gives a high status to successful of population perceive tremendous business entrepreneurs in society (GEM) opportunities in their country (GEM) 69% of the popu- lation still lives in rural areas M MARKET Thai Government launched a national program aimed at delivering one tablet for every child in the country. It already spent $32.8M in the project $4400 average revenue per person per year For every 100 Thai person. Expected $10 000 by 2019 36 Economic growth over the last 3 years Top 3 trends in the tech market have smartphones 6.5% -0.2% Thailand EU 45 Tablet use Cloud Online Percentage market cap (as part of GDP) connect to the consumerization Internet on a mobile device 73% Smartphones sold in 2013 alone 50% 7.5M 18% 75 Thailand EU 68% IOS 37th World ranking World ranking for infrastruc- for Technology tures (WEF) are online 78th Android 12% (more than doubled since 2012) Windows Blackberry $1.4bn @ 18.5M social network users readiness (WEF) e-commerce market size Thailand is among the global top 15 mobile apps markets Time spend on Internet via mobile devices 2$ FINANCING accounts for 49% of all media use (39% for TV) $158bn| Ahead of Portugal, Luxembourg and Iceland I1628 $9.4M Stock of Direct Foreign investment - Rank 32nd THB 300M Minimum capital planned to be invested by M8VC in tech startups Investors on Worldwide VC and Private Equity attractiveness index AngelList at home LOCAL CONTEXT- Media attention for Entrepreneurial activity entrepreneurship % early stage activity % of existing media Thailand 18th 19.2% most business friendly country in the world 84% 50% 5 major accelerators Switzerland 66th M8VC, AIS.CO.TH, NSTDA BIC (national), Incube (by True Corp.), DTAC Accelerate 6.6% European Higher education and training ranking (WEF) Thailand Union 6 major co-working spaces: $30,105 average salary for a marketing manager Rank 45th - HUBBA - LaunchPad - Kliquedesk - WorkBuddy - The SYNC - Glowfish Worldwide Entrepreneurial Culture and Deal Opportunities per year $63,552 in the US WHO TO FOLLOW Thai entrepreneurs to follow Thai startups to follow HO HOTELQUICKLY Hotel booking Pawoot Pongvitayapanu Founder @pawoot Paul Srivorakul Founder of Ardent Capital @srivorakul Amarit Charoenphan- Founder of co-working Hubba @AimAmarit O BU─░LK Success story Construction networking splashoost a R Rakuten company Social media monetization stamp 2 Million members, 300,000 merchants, 200,000 unique Japanese Rakuten invested $3.35M for a majority share of 67% in 2009 "Tarad" means market - It is an online space for people to buy and sell stuff Loyalty aggregator visitors Sources: Global Competitiveness Index (WEF) WorldBank - Bloomberg Credit Suisse Global Wealth Report 2013 bangkok startup .com seedstarsworld Global Innovation Index 2013 SeedAsia CCK, April, 2013 Seedstars Worl WebGeek www.hubbathailand.comd

Bangkok - SEA's Emerging Tech Hub

shared by SSW on Dec 23
As part of our series of "the next startup Eldorado", explore the promising startup scene in Bangkok, Thailand.


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