Thai govt to kick off $85m venture capital fund to invest in high-growth startups

Thai govt to kick off $85m venture capital fund to invest in high-growth startups

The Thai cabinet is expected to pass a resolution to form a 3-billion-baht ($85-million) venture capital fund in two weeks in a bid to fast-track the development of the country’s startup ecosystem.

The fund, proposed by the Finance Ministry, will be supported by the government’s Vayupak Fund and Krung Thai Bank.

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