Bangkok, Thailand, March 15, 2021- Delta Electronics (Thailand) PCL. joined hands with the Department of Industrial Promotion (DIP) under the Ministry of Industry to launch the Angel Fund for Startups 2021. This year another company will join Delta to fund winning startups who then get the chance to compete at the Shark Tank Thailand contest for additional investments.
Delta and the DIP have funded startups through the Angel Fund for Startups for the past six years in support of the Thai government’s policies to develop local talent and incubate the innovative industry sector. Over the past five years, the Delta Angel Fund for Startups has helped create startup projects generating outstanding economic value of over 500 million Baht.
The Angel Fund program links Thai entrepreneurs with new business ideas with funds and offers intensive business skill-up and innovation incubation activities including a business boot camp with tutoring in a progressive 6-step model. This course trains entrepreneurs to prepare and present their business model to the private sector, sponsors and investors.
Mr. Nattapol Rangsitpol, Director-General of the DIP, revealed that the Ministry of Industry is driving government policy aimed at restructuring the national economy to an innovation-driven model. The DIP will help accelerate the policy of capital injection into the industrial sector and continue promoting and supporting entrepreneurs and developing startups.
Mr. Anusorn Muttaraid, Executive Director of Delta Thailand, welcomed this year’s participants and praised the success of the program in supporting 158 teams in the Angel Fund with more than 16 million Baht. This year a leading Thai ICT solution and tech services provider joins the Angel Fund program as a corporate sponsor and Media Tank producers of Shark Tank Thailand will offer winners an opportunity to compete in the business reality show.
Since 2016, Delta has worked with the DIP at the Ministry of Industry to foster entrepreneurs 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.
