WeWork Labs launches foodtech incubator, accelerator in Thailand

Signage is displayed on glass doors at the WeWork Cos. 32nd Milestone co-working space in Gurugram, India, on Monday, Feb. 18, 2019. Photographer: Ruhani Kaur/Bloomberg

WeWork Labs has launched a foodtech incubator and accelerator in Thailand in partnership with the National Innovation Agency (NIA), SET-listed Thai Union Group PCL, and Mahidol University’s Science Faculty, according to an announcement.

Called SPACE-F, the programme aims to build a sustainable ecosystem to nurture foodtech startups in Thailand.

The 15-month incubator track is for early-stage startups while the accelerator track will target growth-stage startups. The accelerator programme will be from three to eight months. Open to both Thai and non-Thai nationals, the programme is accepting applications till July 31, 2019.

The programme is looking to induct innovative startups in the areas of health and wellness; alternative proteins; smart manufacturing; packaging solution; novel food and ingredients; biomaterial and chemical; restaurant tech; food safety and quality; and, smart food services.

“By providing value beyond space, we will be mentoring startups in SPACE-F, helping them with the tools and knowledge they need to succeed, and leveraging our global expertise to support them through the programme,” said Adrian Tan, Head of Labs, Southeast Asia for WeWork.

Founders will have opportunities to meet qualified investors including Thai Union Group PCL and other VCs and corporate VCs.

WeWork is a platform for creators, providing more than 466,000 members around the world with space, community, and services through both physical and virtual offerings. WeWork Labs gathers promising early-stage startups and provides them with space, community, and programming to help them succeed.

Since its launch in early-2018, WeWork Labs has set up locations in the US, South Korea, Brazil, Israel and India. WeWork launched WeWork Labs in Singapore, marking its foray in Southeast Asia, in end-2018.