Building Innovative Country
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SMART NATION- Bangkok Beta - Government meets design
Powered by Anix Lynchat the request of Board Committee of Digital Economy
Engage. Minimum Viable Product. Disrupt!
Prototyping a new EconomyFinding Best Practices to build a Tech Ecosystem is easy. Problem comes from Localization, Prioritization and Engagement of all the right parties to really deliver on promises.
We are in the right place and the right time to prototype Smart Thailand 3.0 (Ver.1, aka Digital Economy) Failure is part of a journey, but also a door to breakthroughs. The risk is highest if we do nothing.
of Thailands GDPs contributed by tech startups (*+USD$19B) Valuation equals to 5% of current SET stock exchange value in 2015 (50B valuation)
Scale-ups > $1B Valuation (Superstar)
Effect in Economy
* Globalise LLC has created a model to assess the economic impact in the economy of tech startup While the model shows linearity and direct output based on input, this is unlikely to be the case due to the very nature of startups, where a black swan like Uber can add up to a valuation larger than all the other startups combined, so it is a numbers game that can change from one year to another. However the model helps us understand risk and reward mechanisms and help us make decisions.
1-2 Unicorns, 30 centaurs
2,500 startups created
20-50B USD, mostly from top unicorns.
Attraction of tech multinationals. New type of foreigner. Talent
growth for traditional enterprise. higher general productivity
Deep dive and test drive the key changes for Thailand
Regula*ons Capital Open Market One lead agency Talents
Remove obstacles Add incentives
Early Stage accelerator and seed funding (>$20M USD) Sufficient follow-on round
(> $250M USD)
Capital for traditional companies R&D
2nd time entrepreneurs angel
investment: Smart Money
Angels: See SEIS program in UK
Registration/Exit market Diversity/Immigration
FDA/FTA/IP/R&D Investor protections Private Equity Laws
Intellectual Property Law enforcement
Ease of doing business
Low regulation zone (Drones, Sharing Economy, Bitcoin,
freedom of speech)
High transparency Lean operation
For entrepreneur by entrepreneur Centralized authority
No silos No redundancy
Shared mutual goal One stop shop
One Shared Goal: entrepreneurs first!
Why our most successful
entrepreneurs are setting up their holding
companies in HK or SG? and exit in Japan?
Homegrown. Imported (Engineer, talents)
Call back diaspora. STEM reform
Support Wannaprenuers Silicon Valley Ambassadors
Entrepreneur visa Risk Taking Culture
Plan pilot throughuser-led design,
Bangkok Beta MVP
DIY dream team
>100 startups per yearHigh Volume of startups
2025Thai lead agency is
formedby alliance of private
High-profile investors decide to move to Thailand
Large companies set R&D centers in
Over 100,000 English speaking
High volume of high quality
Active trade sale ofdeals over $200M
Center of Agri TechMobile Tech
Birth of Google of Food
Prefer AEC over China and India.
Entrepreneurship become a desirable
Phase 1: Expense. InvestmentFully support until ecosystem becomes self sustained
Phase 2: Revenue.
Futuristic and affordable co-working space
opens right in downtown BKKFull year-round
Thai first unicorn
Corporate VCs/FTA are considered as alternatives to in-
>$200M Fund of Funds are
announced on TechCrunch
Free English, STEM, Growth Hacking courses become
World class university setup in Bangkok
Thai unicorns become MNCs
Diaspora /Veteran mentors /2nd time entrepreneur
returns to be a force in the digital economy
Thailand launchesVC-friendly matching
Top 10 Ease of doing business index
Top 15 Ease of starting business index
Better ranked than Malaysia
AirBnb acquihireThai startup. Set
developer base in Bangkok to
dominate tourism sector
Visualize Thai new economy
Thai entrepreneur visa rank high in
Game on! UKGot $300K? Love FinTech? 3 years visa!
ChileGovernment gives away $40K
without taking equity!
ChinaHeavily subsidized. Tencent launched +
100M USD Corporate VC. Alibaba is
actively hiring female MBAs who speak
Chinese. Business can be started in 4 days.
Lets skip HK!
JapanGree. Rakuten. Softbank set up offices in
the U.S. Abe PM sent 200 representatives
from Japanese old-fashioned companies
to the Valley to learn and later come back
to reform Japan.
Secure $93K and be recognized as
high potential startup to get 2 year visa
SingaporeHungry for knowledge? MIT.
General Assembly. TechStars ,
JFDI. BASH, Plug n Play, ASTAR
CanadaPermanent Visa granted only by
securing $45K of grant from angel
MalaysiaMAGIC. Stanford, Grabtaxi!
Diasporas are welcomed!
The Race to attract the stars
Create 3 full time job to get 2 years
visa. No fancy business plan is
Top 5 Winners
UKSource: Compass, Aug 2015
Same as the World Cup..building an innovative country
is about battling for superstars..
Unicorn $1B+ in value
Centaurs $100M+ in value
Little Pony $10M+ in value
Real Madrid :Getting Googles Full Attention?
ENISA: Debt to startups and R&D of
1000s companies funded
First exitsedreams, buyvip
(amazon). Spain in the map.
FondICO to support VCs
2 year-old Wallapop become
the First unicorn
100,000 engineers per year.
New private universities and Hackademies
Start to think about Startups. Request of
GoogleCampus setup in Madrid
StartupBootcamp, Telefonica Wayra
Free co-working spaces across the
UPM, UPC top engineering schools,
initiate startup competitions
IE, IESE, top MBA schools, initiate
Free Legal support offices
VCs setup in Spain, Barcelona: Kibo,
Telefonica Amerigo 300m fund of funds
Diaspora back from 500startups, etc.
Barcelona Mobile World Congress
Exodus of engineers to UK, USA, employees at top startups
Spain Startup Summit
Law of Entrepreneurs.Ease to start a company
Silicon Valley - The Storyboard
Led by Netscape Cisco, Apple+100 firms were active
Stanford, Nasa, HP, US Defense
New Power Rule:+100 social media firms
Crowd wisdom. sharing economy,
Harvard/MIT rejected offers from McKinsey
and JP Morgan to launch a start-up
UBERISMWe are an Uber of
Add the wordTech on everythingFinTech, InsureTech, RetailTech, AdTech
HBOs hit show Silicon Valley
FB - Oculus VR the future of
Mobile and TV?
Alibaba Biggest Ever IPO
Obama hired +140 Silicon Valley geeks
at White House!
Everyone wants to work at Google
YouTube disrupted schooling
Just Google it!
Israel:The Pioneer. The Coach
International Cooporation e.g SIIRD
Import goods exempt from BAT and indirect tax
Support R&D Centers of foreign companies
Birth of technology applied by Google,
IBM, MicrosoftLaunch of Yozma program
Pre-competitive and long term R&D, e.g..
Entrepreneurs and Government jointed effort in
building economic miracles
Tel Aviv University becomes an
20% Investment grants. R&D and tax
Worlds 2nd mostinnovative country
Pre-seed and seed program (e.g.
TNUFA, NIBN, Life Science Fund)
Eliat Free Trade Zone
Offer World-class Education
Found technologies for
(Water, FoodCyber security, medical etc )
around the world
Leader - Smart City