Local firm upbeat on innovation outlays

Promise in tourism and healthcare fields

Thailand can become a destination for deeptech startups to attract global investment in the sectors of tourism, healthcare and agriculture, according to RISE, a Bangkok corporate innovation consultancy.

Local companies have continued to invest in innovation and sustainability, despite economic challenges and funding constraints, said the company.

Leading corporations in Thailand are still investing in startups via corporate venture capital (CVC), venture capital (VC) and direct investment,” said Supachai Pachariyanon, RISE chief executive and co-founder.

Corporate innovation is a medium- to long-term investment and Thailand has the largest CVCs in the region, he said.

In the past few years, corporations have learned by conducting self-assessment on what type of…