Thailand’s start-up ecosystem not-so-glorious due to economic challenges
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Thailand’s start-up ecosystem not-so-glorious due to economic challenges
13 Sept 07:16Key points summarised by AI
Thailand's start-up sector faces significant hurdles due to global economic challenges, leading to a sharp decline in funding deals and difficulty for early-stage start-ups to attract investment.
Bangkok's global start-up ecosystem ranking plummeted 28 places to 99th, with experts attributing this to insufficient international awareness rather than a lack of potential.
To revitalize the ecosystem, there's a critical need for increased mentorship, collaboration, and government incentives to attract foreign investors and support early-stage ventures.
The "Thailand Accelerator" platform launched to provide vital support, including mentorship and scaling assistance, aiming to reignite the country's start-up growth.
Thailand's Education Ministry is implementing a four-pronged strategy to address its students' below-average performance in PISA 2025 and tackle significant educational inequality.
The plan prioritizes closing performance gaps by increasing funding for small and low-income schools, overhauling the curriculum to foster critical thinking, and adopting a data-driven management system to reduce teacher workload.
Key initiatives include enhancing school safety, combating cyberbullying, and expanding mental health support through peer-to-peer networks, recognizing the severe impact of distress on academic performance.
An education expert advises verifying if PISA improvements stem from structural changes, advocating for a revived STEM curriculum with practical 'learn by doing' methods, and urging bureaucratic reform to link teacher evaluations to student development.