{"id":4355,"date":"2021-12-30T02:08:00","date_gmt":"2021-12-30T02:08:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3618093_AE18093_0"},"modified":"2021-12-30T02:08:00","modified_gmt":"2021-12-30T02:08:00","slug":"mhesi-reveals-thailand-ranks-50th-in-worlds-best-startup-ecosystem-and-bangkok-triumphs-71st-places-in-best-cities-for-startups","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=4355","title":{"rendered":"MHESI Reveals Thailand Ranks 50th in World&#8217;s Best Startup Ecosystem and Bangkok Triumphs 71st Places in Best Cities for Startups"},"content":{"rendered":"<div id=\"dvContent\" readability=\"155\">\n<p><span class=\"xn-location\">BANGKOK<\/span>, Dec. 30,&nbsp;2021 \/PRNewswire\/ &#8212; The Ministry of Higher Education, Science, Research, and Innovation (MHESI) by the National Innovation Agency (NIA)&nbsp;revealed the result of the Global Startup Ecosystem Index 2021 by the StartupBlink, the world&#8217;s most comprehensive startup ecosystem map and research center, on the Top 100 Country and the Top 1,000 City on the World&#8217;s Best Startup Ecosystem. For this year, <b><span class=\"xn-location\">Thailand<\/span> still ranked 50<sup>th<\/sup> in the world<\/b>, 4<sup>th<\/sup> in ASEAN after <span class=\"xn-location\">Singapore<\/span> (ranked 10<sup>th<\/sup>), <span class=\"xn-location\">Malaysia<\/span> (ranked 40<sup>th<\/sup>) and <span class=\"xn-location\">Indonesia<\/span> (ranked 45<sup>th<\/sup>); while <span class=\"xn-location\">the Philippines<\/span> and <span class=\"xn-location\">Vietnam<\/span> ranked 52<sup>nd<\/sup> and 49<sup>th<\/sup>, accordingly. For the Top 1,000 Best Cities for Startups, <b><span class=\"xn-location\">Bangkok<\/span> jumped 19 places from 90<sup>th<\/sup> to 71<sup>st<\/sup> in the world<\/b>, with Chiang-Mai, <span class=\"xn-location\">Phuket<\/span> and Pattaya also in the ranking. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder3998\" readability=\"9\">\n<p><a href=\"https:\/\/mma.prnasia.com\/media2\/1717444\/Dr_Pun_Arj_Chairatana_Executive_Director_National_Innovation_Agency_Thailand_NIA.html\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/1717444\/Dr_Pun_Arj_Chairatana_Executive_Director_National_Innovation_Agency_Thailand_NIA.jpg?p=medium600\" title=\"Dr Pun-Arj Chairatana, Executive Director of the National Innovation Agency, Thailand or NIA\" alt=\"Dr Pun-Arj Chairatana, Executive Director of the National Innovation Agency, Thailand or NIA\"><\/a><br \/><span>Dr Pun-Arj Chairatana, Executive Director of the National Innovation Agency, Thailand or NIA<\/span><\/p>\n<\/p><\/div>\n<p><b>Prof Dr <span class=\"xn-person\">Anek Laothamatas<\/span>, Minister of Higher Education, Science, Research, and Innovation,<\/b>&nbsp;stated that this is considered as good news for the startup community at the results of the Global Startup Ecosystem Index 2021 that <span class=\"xn-location\">Thailand<\/span> still ranked 50<sup>th<\/sup> and has 4 cities in the top 1,000 cities with the best startup ecosystems.&nbsp;Bangkok jumped 19 places from 90<sup>th<\/sup> to 71<sup>st<\/sup>, with outstanding e-commerce and retail technology,&nbsp;which ranked 33<sup>rd<\/sup> in the world. From the rankings, <span class=\"xn-person\">Chiang Mai<\/span> ranked 397<sup>th<\/sup>, <span class=\"xn-location\">Phuket<\/span> ranked 442<sup>nd<\/sup> (moved up 428 places from the original 870<sup>th<\/sup>) and finally, a new city that has just entered the rankings for the first year, which is Pattaya, ranked 833<sup>rd<\/sup>. <b>The main factors in the evaluation of the&nbsp;StartupBlink&nbsp;website&nbsp;<\/b>are: 1)&nbsp;<b>Quantity Score&nbsp;<\/b>including the number of startups, the number of co-working spaces, the number of accelerator, and the number of startup related meetups; 2) <b>Quality of startups and other supporting organizations&nbsp;<\/b>consisting of traction (including traffic, domain authority, customer base), presence of branches and R&amp;D centers of International Technology Corporations, branches of multinational companies,&nbsp;investment volume, the number of employees, the number of Unicorns, Exits and Pantheon companies, Presence of Global Startups Influencer,&nbsp;and the number of global startup events; and 3)&nbsp;<b>The Business Environment&nbsp;<\/b>consisting of ease of doing business and registering companies,\u00ad internet speed, internet freedom, R&amp;D investment, availability of various technological services (payment portals, <span id=\"spanHghlt50b6\">ride-sharing apps, cryptocurrency),<\/span> number of patents per capita, and level of English proficiency.<\/p>\n<p>The figure has reflexed the commitment of both the Thai government and private sectors that jointly build a startup ecosystem that facilitates innovation with economic and social value.&nbsp;It also shows that <span class=\"xn-location\">Thailand<\/span> is ready to become an <b>&#8220;Innovative Country&#8221;<\/b>.&nbsp;In the past, MHESI has played a major role in promoting and supporting the innovation ecosystem&nbsp;and startup ecosystem&nbsp;by focusing on the development of manpower, incubating and developing the capabilities of startup entrepreneurs,&nbsp;restructuring the country&#8217;s research and innovation system&nbsp;including the allocation of funds to support the country&#8217;s strategic needs<\/p>\n<p><b>Dr Pun-Arj Chairatana, Executive Director of the National Innovation Agency, <span class=\"xn-location\">Thailand<\/span> or NIA,<\/b>&nbsp;commented that NIA has always given importance to the development of the startup ecosystem&nbsp;with the development in both the central and regional levels to spread the center of prosperity,&nbsp;build a livable city,&nbsp;improve the quality of life of urban people, and connect prosperity to the countryside.&nbsp;So, the regional graduates do not need to move to <span class=\"xn-location\">Bangkok<\/span> to find a job, but be able to work and develop their hometown. One of the main mechanisms is the development of an &#8220;Innovation District&#8221; or the area with potential for innovation and entrepreneurship with a mix of institutions, schools, residences, retail stores and office spaces. This is&nbsp;to encourage the creation of open innovations or&nbsp;to work together and&nbsp;exchange ideas and technologies amongst each other.<\/p>\n<p><b><i>MHESI opens the 4 hubs portal of <span class=\"xn-location\">Thailand&#8217;s<\/span> startups &#8220;<span class=\"xn-location\">Bangkok<\/span>, <span class=\"xn-person\">Chiang Mai<\/span>, <span class=\"xn-location\">Phuket<\/span>, Pattaya&#8221;, the sources of global startups.<\/i><\/b><\/p>\n<p><u>For the four cities ranked in the rankings, the <\/u><u>NIA has been active in the development of startup ecosystems.&nbsp;<b>Bangkok&nbsp;<\/b>has developed 4&nbsp;<b>innovation districts<\/b>:&nbsp;<b>Yothi Medical Innovation District (YMID) <\/b>with&nbsp;programs to develop knowledge of personnel and entrepreneurs to further advance medical innovations&nbsp;and drive investment in the area;&nbsp;<b>Punnawithi Cybertech Innovation District&nbsp;<\/b>with a trial activity of innovative business products and services in the area (Bangkok Cybertech sandbox) resulting in the sharing of information and resources on startup development between the public and private sectors;&nbsp;<b>Kluaynamthai Innovation District&nbsp;<\/b>that focuses on developing innovative businesses based on creativity, and digital technology based on the original industrial base of the district;&nbsp;<b>Ari innovation district&nbsp;<\/b>that&nbsp;focuses on developing the area into a testing area for testing new solutions&nbsp;(Sandbox) with AI, robotics and IoT technologies that meet the lifestyle of the new era;&nbsp;and in <b>Chiang Mai&nbsp;<\/b>with 2 innovation districts:&nbsp;<b>Suan Dok Medical Innovation District (SMID)&nbsp;<\/b>and<b> Maejo Food Innovation District Agriculture.&nbsp;<\/b>The NIA also has its first regional office and Global Startup Hub that is ready to meet the needs of people who want to start businesses, both Thais and foreigners.<\/u><\/p>\n<p>Even though there is still no innovation district development in any area of <b><span class=\"xn-location\">Phuket<\/span><\/b> and <b>Pattaya<\/b>, innovations have always been supported. In <span class=\"xn-location\">Phuket<\/span>, the Open Innovation Road Show is organized in the southern region to support funding for innovative&nbsp;entrepreneurs in the area.&nbsp;There is a learning field project for electric power innovation&nbsp;in order to develop the potential of Thai youths to become innovators. While in Pattaya, there is an enterprise ecosystem development project started in the Eastern Special Development Zone (EEC), which is an area with the potential to facilitate the creation of new deep-tech sand grains&nbsp;and connect networks with partner organizations in the area to create innovations and find new solutions to problems. There are also innovation districts in the vicinity,&nbsp;such as <b>Bangsaen Innovation District (Chonburi), Sriracha Innovation District (Chonburi) and Bangchange Innovation District (Rayong)<\/b>. Apart from these 4 districts, the NIA also has other districts in other areas nationwide, such as <b>Srichan Innovation District (Nakhon Ratchasima) and Kimyong Innovation District (Song Kra)<\/b>, a total of 12 districts throughout <span class=\"xn-location\">Thailand<\/span> covering every region. <\/p>\n<p><i>&#8220;At the present, there are three Unicorns in <span class=\"xn-location\">Thailand<\/span>, which the NIA will continue to develop the startup ecosystem in the hope to see more Unicorns in <span class=\"xn-location\">Thailand<\/span> in the upcoming years, that will reinforce changes and create added value to the economy and the society of <span class=\"xn-location\">Thailand<\/span> and its people,&#8221; <\/i><b>Dr Pun-Arj<\/b>&nbsp;concluded.<\/p>\n<\/p><\/div>\n<p>Source: The Ministry of Higher Education, Science, Research, and Innovation (MHESI)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BANGKOK, Dec. 30,&nbsp;2021 \/PRNewswire\/ &#8212; The Ministry of Higher Education, Science, Research, and Innovation (MHESI) by the National Innovation Agency (NIA)&nbsp;revealed the result of the Global Startup Ecosystem Index 2021 by the StartupBlink, the world&#8217;s most comprehensive startup ecosystem map and research center, on the Top 100 Country and the Top 1,000 City on the [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":4356,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-4355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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