<article>InnoSpace Thailand aims to invest in 50 startups this year, according to a Bangkok Post report.</article>

InnoSpace Thailand aims to invest in 50 startups this year, according to a Bangkok Post report.
The Thai venture capital firm is a public-private sector venture supported by the Thai Industry Ministry.
According to the report, InnoSpace manages a $15.85 million (500 million baht) fund backed by investors such as PTT, Siam Cement Group, CP Group, ThaiBev and Bangkok Bank. It also runs an incubator for Thai startups located in the Eastern Economic Corridor of Innovation in Wang Chan district, Rayong province.
InnoSpace has invested in three digital technology startups so far and wants to build more local unicorns. It runs two financial programmes called the Angel Fund and Startup Ready Campaign to connect foreign VCs with its local network of startups and government agencies.
Moving forward, InnoSpace Thailand shared that it &#8220;can raise more funds&#8221; from new partners in the near future.
It will also seek cooperation with state financial institutions such as the Small and Medium Enterprise Development Bank of Thailand and Krungthai Bank.
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InnoSpace manages a $15.85 million (500 million baht) fund backed by investors such as PTT, Siam Cement Group, CP Group, ThaiBev and Bangkok Bank.

InnoSpace Thailand aims to invest in 50 startups this year: Report

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