SET encourages listed firms to join CVC club, to boost startups

Stocks and Financial Services Press Releases Wednesday October 11, 2017 17:35
Bangkok--11 Oct--SET

The Stock Exchange of Thailand (SET) invites listed companies seeking to setup corporate venture capital (CVC) to join the newly established "Listed Corporate Venture Capital Club", a network of Thai listed firms with an aim to share experience on startup investment. The Club will also act as a cluster for brainstorming and organizing activities to help grow startups.

SET President Kesara Manchusree said that "The number of startups in Thailand has increased tremendously during the past years. According to report of Thailand Tech Startup Association, the number of new startups increased by 8,000 in 2017, using innovations and technologies to create values for their products and services, catering to customer needs. Access to funding is therefore essential to accelerate their business growth. SET has invited listed firms that have currently invested in startups via CVC with approx. THB 15 billion (approx. USD 441.2 million) in total venture capital investments to join the club. The Club has been set up for networking, exchanging information and organizing activities to cultivate and accelerate startups via training, seminars, discussion on rules and regulations, among others. Listed firms seeking to set up venture capital (VC) can also apply for membership. This will be great opportunity for networking between startups and corporations to establish collaboration, enhancing the startup ecosystem in Thailand. The project reinforces SET's plan to further strengthen the Thai startups which will eventually help strengthen the economy."

This initiative is an addition to SET's new 'LIVE' platform, operated by SET's subsidiary called LIVE FIN Corp, Ltd., to facilitate startup entrepreneurs and small and medium-sized enterprises to access working capital, while allowing VC or CVC investors to trade. For more information and membership, please visit or Facebook: LIVE Platform.

Latest Press Release

TCP Group integrates sustainability into 5-year business plan

TCP Group, the Thai beverage and snacks group that owns, manufactures, and distributes Krating Daeng (Red Bull), Ready, Sponsor, Som Plus, Mansome, and Puriku beverages as well as Sun Snack snacks, today, announced that it has embedded far-reaching...

TMB credit card gives you best deal with discount and cash back on Grab rides

TMB credit card offers double special privileges on Grab rides from today to December 31, 2018. The first privilege, get 100 baht discount when you pay with GrabPay for the first time with TMB credit card, applying "GRABTMB" promo code, limited one per...

SET hosts Angel Investing Day for startup investment via LiVE Platform

The Stock Exchange of Thailand (SET) and Live Fin Corp Co., Ltd. (LiVE), will jointly hold "Angel Investing Day" for angel investors, aiming at delivering knowledge on how to invest in startup businesses through "LiVE Platform" – the first Thailand...


True Corporation PLC (SET: TRUE) recorded Baht 10 billion of net profit in the second quarter of 2018 driven by all-time high service revenue and a gain from asset sales to the Digital Telecommunications Infrastructure Fund (DIF). Consolidated net profit...

Photo Release: Six-month interest-free installments of down payment for KLeasings new car loans

Ms. Patcharee Uthairatanakit, Deputy Managing Director of KASIKORN LEASING Co., Ltd., launched the "KLeaisng BIG Bonus" campaign wherein applicants for new car loans of KLeasing will be granted a special privilege of 6-month interest-free installments of...

Related Topics