SET and Microsoft join hands to expand LiVE platform as Thailands first startup information center

Stocks and Financial Services Press Releases Wednesday June 12, 2019 17:02
Bangkok--12 Jun--SET

The Stock Exchange of Thailand (SET) has jointly joined forces with Microsoft (Thailand) to scale up LiVE platform to "Virtual Pitching Platform", an integrated entrepreneur information center for small and medium-sized enterprises (SMEs), startups, and social enterprises (SEs) to pitch their business plan online to investors, enabling Thai entrepreneurs to grow globally. LiVE platform, which comes on stream today, also connects to other alliances to strengthen and connect the startup ecosystem.

SET Senior Executive Vice President Manpong Senanarong said that SET has continuously developed the LiVE platform to become a key mechanism to assist startups, SMEs, and SEs in accessing funding sources via four functions: 1) Verifying identity of startups in collaboration with alliances; 2) Promoting visibility for wider recognition, 3) Providing advice and enhancing knowledge, and 4) Encouraging business matching.

"These days increasing number of investors are keen to invest in startups but with lack of necessary business information for decision making and understanding of possible risks. SET therefore develops contents to help investors address the problems through additional services available on LiVE platform, with collaboration from Microsoft (Thailand) in developing the system. The presentation format will similar to that of SET Digital Opportunity Day and Digital Roadshow whereby startups present information and business plan, and directly communicate with investors' inquiries, enabling investors to watch live or non-live presentation via Facebook. This newly created channel provides both Thai and foreign investors with access to local startups, SMEs, and SEs. We are confident that information disclosure and exchange can mitigate risks, and build confidence in investing in startups, as well as being joint ventures and long-term partnership," Manpong said.

Furthermore, SET has also collaborated with alliances from both public and private sectors to drive the startup ecosystem, in accordance with the government policy to encourage startups to access capital funding and grow sustainably. All these alliances such as Startup Thailand, the National Innovation Agency (NIA) Thai Venture Capital Association (TVCA) and Thailand Tech Startup Association (TTSA), among others, have continuously joined hands with SET in enhancing knowledge of entrepreneurs and investors through training, seminars and other media tools. The next phase will provide investment knowledge for startup investment from bloggers to enable investors to exchange views on startup investment on webboards. In addition, SET has also geared up to bridge connection to large corporations on incubation support, including application program interface or API, and many others.

Microsoft (Thailand) Managing Director Dhanawat Suthumpun said that Microsoft's objective is to enhance potential for everyone and every organization as well as Thailand's startups with a variety of business to grow firmly. However, there are certain startups that cannot access funding sources, technological expertise or marketing know-how. Microsoft then provides support for developing Startup Community Portal on Azure, its cloud platform, aiming at utilizing its extensive resources to help develop startup technology and business in the format similar to such Microsoft's global program as Microsoft for Startups which was launched last year.

For more information, please visit and Facebook: LiVE Platform.

Latest Press Release

Five priorities for insurance businesses wanting to reap rewards amid digital transformation

Imagining customer expectations with new insurance models, focussing on talent development, and strategic collaborations with agile management are keys to marking out the front-runners, according to 'Insurance trends 2019', part of PwC's 22nd CEO Survey...

Fitch Upgrades Thailand#s TOP to #AA(tha)#; Outlook Stable

Fitch has upgraded Thai Oil Public Company Limited's (TOP) National Long-Term Rating and senior unsecured rating to 'AA(tha)' from 'AA-(tha)'. The Outlook is Stable. Fitch has also affirmed TOP's National Short-Term Rating at 'F1+(tha)'. The rating...

PwC Launches Solution Supporting Audit of Cryptocurrency

- Leading the way in providing assurance services to clients engaging in cryptocurrency activities PwC is pleased to announce an important addition to our existing "Halo" suite of auditing tools that we can use to provide assurance services for entities...

Photo Release: EXIM Thailand Supports Thai Entrepreneurs in Improving Production Efficiency with Robots and Digital Technology

Dr. Nattapol Rangsitpol (forth left), Director General of the Office of Industrial Economics, Ministry of Industry and Director of Export-Import Bank of Thailand (EXIM Thailand), together with Miss Draswan Shoowong (second left), Executive Vice President...

Fitch Upgrades Thailand#s PTT Global Chemical to #AA+(tha)#; Outlook Stable

Fitch Ratings (Thailand) Limited has upgraded PTT Global Chemical Public Company Limited's (PTTGC) National Long-Term Rating and senior unsecured rating to 'AA+(tha)' from 'AA(tha)'. The Outlook on the National Long-Term Rating is Stable. Fitch has also...

Related Topics