Nitin Modi’s Post

Exciting news for Thai startups! Board of Investment of Thailand (BOI) has launched a new matching fund to boost the competitiveness of startups in targeted industries. Key details: - BOI will match the funding Thai startups receive from venture capital funds, providing 20-50 million baht (570k - 1.4m USD) per company - Eligible startups must be majority Thai-owned, have Thai founders with 60%+ ownership, and have raised 15M+ baht (430k USD) from an NIA-listed VC fund - Targeted industries include digital, electronics, modern auto, agriculture, food, medicine, biotech, and robotics - Startups must present clear plans for international expansion and fundraising - In addition to funding, startups will receive BOI tax benefits and visa/work permit support for foreign experts they hire The fund represents an important step in positioning Thailand as a regional innovation hub. By supporting promising Thai startups in key industries, the BOI is accelerating their ability to scale and compete on the international stage. This is a major opportunity for Thai founders. I'm excited to see how Thai startups can take advantage of this. #ThaiStartups #InnovationFunding #BOIThailand #StartupEcosystem https://lnkd.in/gTvubbT8

To be eligible, the startup must be set up under Thai laws, with at least 51% shares held by Thai nationals, and the founder(s) must hold at least 60% of shares. The startup must also have received at least 15 million baht from the venture capital fund that is listed with the National Innovation Agency. #thailand #startup

BOI launches matching fund to boost competitiveness of startups. BOI would be providing financial support of 20 million to 50 million baht to match the amount that the startup has received from the venture capital fund. The fund is expected to help them in business expansion and compete at the international level, as well as in becoming a unicorn, or a privately owned startup valued at over US$1 billion. To be eligible, the startup must be set up under Thai laws, with at least 51% shares held by Thai nationals, and the founder(s) must hold at least 60% of shares. The startup must also have received at least 15 million baht from the venture capital fund that is listed with the National Innovation Agency. Targeted industries for eligible startups include digital, electronics, modern automobile, agriculture, food, medicine, biotechnology, and robotics. The candidate must also present a clear business plan with focus on expanding at the international level, including but not limited to international fundraising and overseas market penetration. Besides financial support, eligible startups would also enjoy tax benefits under BOI’s policies, as well as benefits provided to foreign experts that the companies hire, including visa and work permit facilitation. #boi #startup #nia #startupfunding #businessmatching #thailand https://lnkd.in/gMFQD7Uy

The venture capital firm Sawari Ventures, based in Egypt, is gearing up to introduce its latest investment vehicle, “Sawari Ventures II,” in the early part of 2025. According to a report by Launch Base Africa, the firm has set an ambitious fundraising goal of $200 million for this second fund. Sawari Ventures II aims to capitalize on the firm’s initial fund’s achievements by broadening its investment scope to encompass additional sectors and geographical regions. The forthcoming fund is structured with a dual focus: one segment will concentrate on Egypt, seeking to galvanize local capital, while the other segment will be oriented towards international investors, including foreign investment entities and development finance institutions. The strategy is to channel support towards startups not only in Egypt but also in Tunisia, Morocco, Kenya, and various countries in West Africa. Out of the total $200 million target, Sawari Ventures anticipates dedicating a substantial 70%—which equates to $140 million—specifically to Egyptian startups over a period of four to five years. Click the link to read more: https://lnkd.in/dJsFCPwS  #innovationvillage #sawariventures #Investment #funding #startups #africastartups #technology #innovations #africabusiness #techtrends  #technews #techpreneur

Why foreign investors should consider Kazakhstan’s startups and venture capital funds 💥 Kazakhstan is quickly becoming a hotspot for venture capital, offering foreign investors strong growth potential and easy access to Central Asian markets. In this article, an expert from MOST Ventures Aigul Assylbekova shared the key advantages of investing in Kazakhstani startups. The number of startups in Kazakhstan is increasing. Our country’s geographic location offers investors unparalleled access to neighboring markets in Central Asia and China. But what are the other reasons? Read the article to find out! https://lnkd.in/dpEwAZxG

Kazakhstan is quickly becoming a hotspot for venture capital, offering foreign investors strong growth potential and easy access to Central Asian markets. In this article, an expert from MOST Ventures shared the key advantages of investing in Kazakhstani startups. Read full article: https://lnkd.in/dpEwAZxG

Egypt based venture capital firm Sawari Ventures recently launched its new fund. 💸 $150 million fund 💡 ‘Diverse sectors such as #fintech, #edtech #healthcare #greentech and #deeptech projects.’ 🌍 Egyptian startups 💭 “Sawari Ventures’ operational framework is designed to catalyze investments and position companies for future funding opportunities, underscoring the company’s commitment to fostering innovation and entrepreneurship in the region…” - Hany Al-Sonbaty, CEO and co-founder of Sawari Ventures 📈 ‘Founded in Egypt in 2010, Sawari Ventures has become a prominent venture capital firm in the country, supporting more than 30 companies, including Swvl, Money Fellows, Pearl Semiconductor, Si-Ware Systems, and Elves.’ 🗞️ Boluwatife Ayo-Odewale Technext'24 https://lnkd.in/drfDGRPv 👏 For the #AudaciousInvestors unleashing innovation and empowering tomorrow🚀 Ahmed El Alfi I Hany Al-Sonbaty I Anta Ndiaye I Fatima-zahra Bennani I Ibrahim Ramadan I Dalia ElMohamady, I Jennifer Schoeberlein I Wael Amin I Ryan Fansa I Farah Abd El-Gawad I Team Sawari Ventures … #venturecapital #vc #funds #startups #entrepreneurs #funding #tech #entrepreneurship #technology #innovation #egypt #africa

Incubate Fund Asia, part of leading #Tokyo-based early-stage fund manager Incubate Fund, are building upon the increasing collaboration and connectivity between Japan and India/SE Asia, and approaching the close of their third venture fund focused on the region at the $50 million target! The #indiamarket will continue to be core to the strategy and a significant majority of investments. This is also further demonstrating the interest of Japanese institutional investors in the India market and Indian entrepreneur, and its startup and innovation potential. The seed stage fund manager has been an early investor in startups such as Yulu, Captain Fresh, Direct- Powered by Shopkirana, Nimble, Plum, Gourmet Garden and BuyEazzy. The fund will invest in 20-25 startups with an average deal size of $0.5 million to $2 million. For Incubate Fund Asia, the focus sectors for this fund remain EV, supply chain, consumer related segment such Direct-to-consumer (D2C) and fintech. Most returning limited partners are predominantly from Japan, and continuing support from previous funds. #alternativeinvestments #venturecapital #fundraising #seasia #singapore #india #japan #japanesemarket #capitalmarkets #fundmanagers #earlystage #asiapacific #indianmarket #indianstartups #institutionalinvestors

What’s going on this week in SE Asia’s startup ecosystem?👇 🥛 OATSIDE, a promising player in the alternative milk market based in Singapore, has received further investment from AC Ventures during its ongoing Series B funding round. ------ ✉️ Join our newsletter for weekly venture capital news, insights, and knowledge at https://lnkd.in/gN_vgy-t ------ 🏦 Kenaga Investment Bank Berhad (Kenanga Group) Malaysia's independent investment bank, announced that it has acquired an 8 percent share in the Singaporean fintech company Helicap. 💸 BillEase, a consumer finance platform in the Philippines operating through an app, has secured a substantial investment from The Rise Fund of TPG, which is spearheading its Series C equity funding round. 🛡️ Shieldbase AI, a startup from Southeast Asia, has secured an undisclosed sum in seed funding from Tenity, and angel investors to expedite the growth of its artificial intelligence platform. 🏗️ MSM Group LLC, a prominent local company providing high-quality consumer and industrial products and services to large networks of customers and partners has been acquired by Jebsen & Jessen Group, a diversified industrial conglomerate based in Singapore, to extend its presence into Mongolia. 🔋 Bateriku.com, a Malaysian company specializing in connected roadside assistance services, has secured USD 7.4 million in a Series B funding round. The investors in this round are Kumpulan Wang Persaraan (KWAP Malaysia), Gobi Partners, VentureTECH SBI Capital Markets, and VentureTECH. ⚡️TailorTech Sdn Bhd, a Malaysian startup that specialises in revolutionising power management exclusively for remote areas without access to the main power grid, has secured USD 110,000 in funding from the venture capital firm Antler. ------ 💡 Follow A2D Ventures for more weekly updates. 🚀 Discover high-potential startups across Southeast Asia at https://lnkd.in/gnCcZSmG ------ #startup #funding #vc #business #venturecapital #founders #fundraising #startups #southeastasia #entrepreneurship #entrepreneur #founder

#VietNam is rapidly becoming a hotspot for #startup activity in Southeast #Asia. In recent years, there has been a surge in venture capital investments, which reached a record value of $1.5 billion in 2021. To date, there have been 4 unicorns in the country.   Here’s why Viet Nam’s journey towards becoming a high-income economy may hinge on the development of a robust ecosystem for innovative #startups, according to Anwar Aridi Daniel Querejazu, Vinh Quang Dang, and Marcin Piatkowski: https://lnkd.in/eK2XTxmn     #fintech #agtech #edtech #healthtech #climatetech #vc #venturecapital #digitaleconomy IFC Asia Pacific