Delta Electronics (Thailand) PCL. cooperated with the Department of Industrial Promotion (DOE) under the Ministry of Industry and Allies. Launched a hackathon event under the Delta Angel Fund project for startups for the year 2022, this year in collaboration with The Siam Cement Public Company Limited and Hubba Company Limited. Become a business advisory partner as an expert. and participate in evaluating the performance of the contestants. In addition, Media Tank Company Limited, a reality show producer Winning a million business Shark Tank Thailand has provided support for the second year in a row. To give the winning start-up team an opportunity to compete in a business reality show for one more season.
Delta and the Department of Industrial Promotion (DOE) have jointly funded startups through a fund. The Angle Fund Since the launch of the project in 2016, with the goal of developing talent in Thailand and nurturing startups in the innovative industry to support the policy of the Thai government. Until 2021, Delta has provided 183 million baht in funding. The winning team to support entrepreneurs in the field of intelligent industrial products and energy in the Thai market. The fund has helped build startups with outstanding performance and generate more than 650 million baht in economic value. For the Angel Fund project, Delta Thailand is the only sponsor to support.
Dr. Nattapon Rangsitphon, Director-General of the Department of Industrial Promotion said at the event that “The Department of Industrial Promotion will continue to implement the policy of Mr. Suriya. Juangroongruangkit Minister of Industry Aiming to transform Thailand into an innovation-driven economy, this Angel Fund project supports entrepreneurs and develops startups. meanwhile It creates opportunities for them to access funding sources. including bringing knowledge and skills can be applied to their trade organization.”
Mr. Jackie Zhang, President of Delta Electronics (Thailand) Co., Ltd. said, “In general, Building a new business can take up to 10 years from a start-up to be successful. and this is the reason why Delta wants to support startups in Thailand so they can develop quickly. but also provides a business experience This is just one of the projects Delta has done with the Ministry of Industry. and our partners to support startups, SMEs and knowledgeable students. Engineering talent in Thailand’s leading universities We have a great intention to help Thai society. and participate in these projects for Thai people from our hearts without any other conditions.”
Angel Fund project helps Thai entrepreneurs Public and Private Partners have connected and helped each other through funds and business skills development and innovation courses The activities of the Angel Fund project include intensive business tutoring courses. Along with a 6-step ladder to progress, participants will also have the opportunity to compete and present their business model to a panel of industry experts, sponsors and investors.
In 2022, the Angel fund accepts 45 startup teams selected from over 130 applicants. The competition focuses on deep technology and business ideas. Develop a practical application Capable of supporting new technologies with full R&D (Research & Development) processes covering technologies in 6 industries including vehicles (Automotive)
Agriculture and Biotechnology Robotics Integrated Medicine Intelligent Electronics
and digital transformation (Digitalization)
Competitors will be required to attend a 7-day business boot camp to enhance their knowledge. and fostering an entrepreneurial spirit. (Problem-solving skills) during the hackathon event. The event was held online for 3 days before presenting each team’s business model to sponsors to raise funds for the Pitching Day event. Finally, the winning team of the Angel Fund project also had the opportunity to compete in Shark Tank Thailand. for the opportunity to receive additional investment from the list
This marks the seventh year in which Delta and the Department of Industrial Promotion have collaborated in organizing the Angel Fund as another strong channel to support talented entrepreneurs and startups in Thailand. Delta has introduced new technologies. and digital systems to use, whether Organizing an online hackathon or collaborating with leading brands in Thailand To expand access to the fund while creating a positive impact for entrepreneurs and Thai society
