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Exclusive: Startups in Thailand optimistic about growth despite pandemic, call for government support
11 Sept 21:26 Key points summarised by AI
- Thai startups, despite pandemic-induced struggles, remain optimistic, adapting business models and anticipating a post-pandemic rebound, with some even expecting a 'unicorn' to emerge by year-end.
- Companies like Eatigo (discounted deliveries), Freshket (individual consumers), Globish (online learning), and BiggestFan Productions (interactive online concerts) successfully pivoted or capitalized on 'new normal' demands to sustain or grow operations.
- Startup executives urgently call for increased government support, easier foreign investment, and a more robust funding ecosystem to enhance Thailand's competitiveness and foster a thriving startup landscape.
- Leaders emphasize the necessity of knowledge sharing, community strengthening, and developing human capital, alongside government support, to ensure long-term success and regional expansion for Thai startups.
