Thailand agency boosts agriculture startups with deep tech platform

Borneo Bulletin
2024.04.22

Thailand has 81 agricultural startups, with less than 15 focusing on deep technology, and investment in the agri-tech industry surpassing THB1.7 trillion.

The National Innovation Agency (NIA) is driving the growth of agricultural startups through its AGROWTH project this year. The project seeks startups using deep technology in agriculture to develop products or services, test real-world usage, adapt business models, and collaborate with top companies in the sector.

According to NIA director Kritphaka Bunfueang, Thai agricultural startups have secured approximately THB2.5 billion from domestic and foreign investors, indicating steady growth.

There are three deep technology trends worth noting that can serve as a guideline for future Thai startups:

Using large-scale agricultural data for forecasting and creating new standards can help optimize water and fertilizer usage, as well as reduce greenhouse gas emissions. This technology is expected to grow to around THB1.55 trillion by 2028.

Read more here.

Comment

You may also like

2015.12.03
10,103
ABSTRACT Fine bubble is defined as the small bubbles with a diameter ranging in micro and nanoscale.  The sizes of micro bubble are smaller than millimeter and have distinctive properties.  The applications of micro bubbles technology has been successfully proved in waste water...
2019.06.13
1,148
ABSTRACT The Thai government releaseed the national strategic plan in 2018, which grounds a 20-year roadmap for the country. However, this move did not overlook farmers in many aspects since the farmers have yet to perceive the usefulness of using technology in their lifestyle. The technologies i....
2018.11.22
5,782
INTRODUCTION Increase in population, consumer welfare, globalization, industrialization, and technological and ICT development has transformed agriculture into a modern and innovative sector. Kennedy (2000) in his study explains that modernization of agriculture is an evolution of agricultural...