True Incube, Thailand’s leading startup incubator and accelerator offering services to strengthen local Thai and international startups to go regional, announces its latest collaboration with the Global Partners; Ant Financial Services Group, Huawei Technology, Techsauce and THAI Airways to enhance the regional incubation program even further.

The final 5 startup teams from the “True Incube Incubation & ScaleUp Program Batch 5 – Startup Grand Prix” will join an intensive 3-month regional bootcamp including overseas business trips. This gives them the opportunities to expand their connection and build their business and technology alliance in four different countries. Destination countries are Singapore, Indonesia, Vietnam and People’s Republic of China. They will meet various experts from leading global tech. companies, investors and startups unicorn. These 5 winning teams will receive the prize of 2-4 million Baht with other benefits including: Co-Working Space at True Digital Park, Business Cloud Service, Marketing and media support and lastly the best performing team will win a trip to Silicon Valley, United States. Total winning prize is value more than 20 million Baht.

Dr. Teerapon Tanomsakyut, Chief Innovation and Sustainability Officer, True Corporation Plc. Said “True Incube, Thailand’s leading startup incubator and accelerator offers services to strengthen local Thai and international startups to go regional, commits to 4 mission ; Inspiration, Innovation, Incubation and Investment. True Incube has been organized the startup incubation program for five years. This year the program is called “True Incube Incubation & ScaleUp Program Batch 5 – Startup Grand Prix”.

We want to enhance and position our program as regional player. Most importantly we've received full supports from our global partners particularly with the world class technology companies and regional startup unicorns whom will help to fulfill the entire program completely in all areas including business experience, technology innovation, knowledge and skills. The 5 startup teams will join the regional bootcamp program and traveling to 4 different countries i.e. Singapore, Indonesia, Vietnam and People’s Republic of China, to expand their market and network. They are the fast growing countries for digital economy in Southeast Asia region and as for China, they are the world leading technology and innovation. It is great opportunity for Thai and international startups to learn about the differences and get connected to each country’s Ecosystem. This helps them to expand and make adjustment in their business to meet the different market in the region. These also helps attract overseas startups into Thai ecosystem as well as widening the opportunity to expand the market and adapting the appropriate business model to suit each market condition efficiently which will help the startup business to grow strongly and sustainably.

The “True Incube Incubation & ScaleUp Program Batch 5 – Startup Grand Prix” Program receives a full support from the global partners, helping to strengthen Thai startups to compete globally.

• Ant Financial Services Group – the world's leading technology company who operates 'Alipay” which is the largest digital financial services platform and an important part of the ecosystem of Alibaba Group, jointly supports the learning trip and experience sharing in China.
• Huawei Technology–the world’s leading Information and Communications Technology (ICT) Solutions provider allows startups to explore and experience the Internet of Things (IoT) at Huawei Shanghai Open Lab in Shanghai, China.
• THAI Airways – air ticket sponsorship to all four countries.
• Techsauce – Thailand and Southeast Asia leading online media, a source for all tech and startup business news. Sharing contents of regional bootcamp experience, to spread the news and knowledge to all startups both Thais and internationals.

Moreover, Dr. Adrian Vanzyl, Country Head of GMS Thailand, Google Asia Pacific will be one of the mentor for this program.

“Besides from the regional bootcamp program and overseas business trips in four countries, all five startup teams, will receive winning prize of 2-4 million Baht together with other benefits including Co-Working Space at True Digital Park, Business Cloud Service, marketing and media support and lastly the best performing team will win the trip to Silicon Valley in United States. To follow the path of these five startup scaling towards the regional level and their 4-countries visits at www.trueincube.com or Facebook : True Incube. The Singapore visit is on 23-25 July, Vietnam visit is on 14-16 August, Indonesia visit is on 28-30 August and The People Republic of China visit is on 4-7 September 2018.” Dr.Teerapon concluded.