Delta and Department of Industrial Promotion Hold Delta Angel Fund for Startups 2019

Bangkok, Thailand, September 11, 2019–Delta Electronics (Thailand) PCL. and the Department of Industrial Promotion (DIP) presented 2,900,000 Baht to 27 winning teams and an additional 1,000,000 Baht seed fund to five entrepreneur teams of the Delta Angel Fund for Startup 2019. Mr. Kobchai Sungsitthisawad, Department of Industrial Promotion (DIP) Director-General, and Mr. Anusorn Muttaraid, Delta Executive Director of Electronics, presided over the award ceremony held at Century Park Hotel Bangkok.

This year, startup companies presented their projects related to the themes Industrial Automation or Energy and Water Management Technology. Of the 108 teams who applied, 47 teams passed to take part in special training and pitch their proposals to a judging panel. Delta organized the entire process including a Business Camp, Design Sprint, Pitching training and On-site Study for 12 days to gain experience in presenting their original business plans and startup ideas to the fund managers. The teams then showcased their planning and training results at Delta’s business concept pitching session.

Since 2016, Delta has worked with the DIP at the Ministry of Industry to foster entrepreneur and startup talent in Thailand. Delta Angel Fund for Startup aims to encourage young Thai entrepreneurs to establish business models that leverage advanced technology and develop useful products for commercial use.

Over the past four years, 650 teams have passed the application stage to enter the Delta Angel Fund for Startup. Among them, 174 teams have won funds from Delta for their startup projects and 122 teams have created outstanding economic value of over 450 million Baht. All competing teams must present their proposals to a committee of Delta managers, DIP experts and academics. The committee will then award funds to the most potential proposals based on technical knowledge, entrepreneurial flair, sustainable vision and competitive spirit.

Delta commits to nurturing local talent and empowering Thai youth to develop the country’s industry. Delta’s Angel Fund for Startup is part of Delta’s contribution to its communities and stakeholders and is in line with the company’s brand promise “Smarter. Greener. Together.”


11 September 2019