<article>Thailand’s <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=National+Innovation+Agency">National Innovation Agency (NIA)</a> has joined the Israeli investment group <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=AGW">AGW</a> to launch the global accelerator programme, <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=SPARK">SPARK</a>, in Thailand.</article>

Thailand’s <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=National+Innovation+Agency">National Innovation Agency (NIA)</a> has joined the Israeli investment group <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=AGW">AGW</a> to launch the global accelerator programme, <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=SPARK">SPARK</a>, in Thailand.
Previously, the agency announced that it had talks with AGW and <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Huawei">Huawei</a>, a global leading information and communication technology firm, to run the global accelerator programmes for Thai startups.
The move is in line with the government’s intention to promote Thai startups and enhance their global competitiveness.
Pun-Arj Chairatana, director of the NIA, said that qualified startups must have  annual revenue between 100,000 and 20 million baht. The accelerator will look at startups in the fintech, cyber security, e-commerce, IoTs, big data &amp; analytics and healthcare sectors.
The selected participants will be trained in the bootcamp with AGW for two months before having the opportunity to pitch for funding from international venture capital funds.
“This is the first time that NIA and the government have coordinated with international VC firms to launch a global accelerator programme here. We expect this will leverage experience and enable our startups to be competitive internationally,” he said.
The NIA aims at branding Thailand as ASEAN&#8217;s Startup Hub. It has allocated 1.2 billion baht to create the startup ecosystem nationwide this year.
It aims to develop in-campus co-working spaces in 30 universities and give financial support worth 100,000 baht each for 550 projects proposed by talented students. “We want to grow an entrepreneurial mindset since they are in the universities,” he added.
Besides, it will develop eight startup communities. Four of them will be scattered in Bangkok and the other four will be in Chiang Mai, Khon Kaen, Chonburi and Phuket provinces.
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Thailand’s National Innovation Agency (NIA) has joined the Israeli investment group AGW to launch the global accelerator programme, SPARK, in Thailand.

Thai National Innovation Agency joins AGW to launch global accelerator programme

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