Ministry of Foreign Affairs and Techsauce Announce Collaborative Effort to Propel Thai Startups onto the Global Stage

Techsauce Media Company Limited, Thailand's leading technology platform, and the Department of International Economic Affairs (Ministry of Foreign Affairs) signed a Memorandum of Understanding (MOU) to promote the Thai tech startup ecosystem and foster international collaboration.

This partnership will open doors for Thai startups to access the global market. The organizations will jointly support these startups in expanding overseas to stimulate the national economy and build competitiveness in the Thai tech startup sector, both through international business operations and attracting foreign investment.

Ms. Oranuch Lerdsuwankij, Chief Executive Officer of Techsauce Media Company Limited, said, “This collaboration with the Department of International Economic Affairs is a key step in elevating the Thai startup ecosystem to a more international level. Techsauce is ready to leverage our platform and network to support the growth and international success of Thai startups.”

Mr. Rujikorn Saengchantr, Deputy Director General at Department of International Economic Affairs, said, “The Department of International Economic Affairs recognizes the immense potential of Thai startups. We are dedicated to fostering their growth and competitiveness on a global scale. This collaboration with Techsauce strategically combines the strengths of both entities, generating new opportunities and facilitating access to broader markets for Thai startups.”

Scope of Cooperation

1. Exchange information and develop potential: Both parties will jointly exchange relevant information and develop the potential of Thai startups.
2. Disseminate and publicize: The two organizations will collaborate to promote Thai startup activities on the global stage.
3. Expand cooperation: Both parties will work together to extend this collaboration to other key stakeholders in the Thai startup ecosystem.
4. Monitor and evaluate: The organizations will collaboratively track progress, assess outcomes, and optimize operational strategies to ensure the achievement of their goals.

This collaboration will significantly benefit the Thai startup ecosystem by helping Thai startups access more funding sources, technology, and foreign markets. This will further enhance Thailand's reputation as an innovation hub in the ASEAN region.