National Innovation Agency (Public Organization) or NIA together with the company Thai Union Group Public Company Limited, Mahidol University, Thai Beverage Public Company Limited, and Deloitte Touche Tohmatsu Jaiyos Company Limited continue to reinforce the image of Bangkok as a food tech silicon. Valley organizes the event “SPACE-F batch 3 Accelerator Demo Day”
Presenting the 3rd generation of startups that have undergone growth accelerating under Thailand’s first global food technology business incubation and growth program and the Southeast Asia region, or SPACE-F, which aims to support food innovations in 9 key trends, such as alternative protein production. The development of the packaging of the future Inventing new ingredients and recipes
In addition, it also revealed that the food and agriculture deep-tech business continues to grow. Counter to the platform business trend – the digital aspect that has contracted as high as 60 percent and due to the presence of strong companies and food businesses in Thailand causing the global market to be interested in investing inFood Tech Startup Groupcontinuously as well as helping to reduce the problem of food costs that are still fluctuating
Dr. Pun-art Chairat Director of the National Innovation Agency (Public Organization) or NIA said that NIA continues to push food startups. by carrying outSPACE-F project It has been consecutively for the third year in line with Thailand’s strengths as being the “world kitchen”, which is bringing innovations to help raise the level of the food industry to grow. and help drive food innovation startups to achieve quality and have a variety
by focusing on developmentfood innovationThe world in 9 main trends is the development of healthy food. alternative protein production Smart food production process The development of the packaging of the future Inventing new ingredients and recipes development of biomaterials and chemicals restaurant management technology Food quality and safety control audits and intelligent food service
Under the project, NIA will play a role as a “Focal Facilitator” or network linker to coordinate collaboration between different sectors. This project is considered a collaboration of partners from 3 sectors: government. private and educational institutions This makes this project a strength that can attract foreign startups to join the project.
However, SPACE-F will not focus only on platform-type startups such as food delivery. but also focusing on in-depth technology and to increase the country’s competitiveness
For this year, 16 startups participated in the project, divided intoGrowth Accelerator Program or 8 Accelerators Including EnerGaia – a healthy alternative protein from spirulina POTENT – wild mushroom extract for beverages WeavAir – sensor and IoT data acquisition to control food spoilage Nabsolute – biopolymers Modified at the nanoscale
Jamulogy – Indonesian herbal healthy drink More Meat – Plant protein made from cockerel mushroom and soy protein eniferBio – Soy protein concentrate from by-product Mi Terro – Biodegradable packaging from agricultural waste.
whileIncubator program or 8 incubators And over the past two years, 33 startups have graduated from the project, including startups funded by NIA, investments from Thai Union and others, as well as opportunities to build on. Do more business That means we have increased the opportunity and potential for 49 more startups in the ecosystem.
“If you look at the overview of investment in startups around the world. It is found that the deep-tech business in food and agriculture continues to grow. Opposite the platform business trend – Digital aspect with a high shrinkage of 60%, which Thailand has companies and food businesses with strong supply chains. There is also a global market interested in investing in food technology. Continuous startup
Therefore, having a Smart Visa will help attract food companies as investors and make international investment links more vigorous. And it’s a big incentive for big companies to invest in food in the country.”
“In line with SPACE-F’s goal of making Bangkok a FoodTech Silicon Valley
Dr. Pun-art added that world oil price problem and the Russo-Ukrainian war has severely affected the global food supply chain. while Thailand agricultural raw materials Food that is essential for consumption has increased in price.
Such factors encourageFood Tech Startupthat made the story of Plant Best Meat or engineering related to production processes In particular, urban farming has a higher growth rate in 2022 – 2023 because it can respond to urban lifestyles or volatile economic conditions.
In addition, Thailand still faces high food and transportation costs. The output is insufficient to meet the demand. Including doing it requires a variety of logistics and energy.
So if a startup in the city can grow or produce food in the city or can develop proteins derived from alternative proteins The opportunity to expand the market will be greater because it can answer the city’s changing questions. including reducing the opportunity for raw material shortages.