Thailand is rapidly emerging as a prime destination for international startups, thanks to initiatives like the True Digital Park (TDPK) Startup Booster Program. Hosted by True Digital Park, this comprehensive program is tailored to empower foreign entrepreneurs looking to enter the Thai market. Bonus: the program offers a one-year smart visa type S, allowing individuals to live and work in Thailand.

Here’s everything you need to know about kickstarting your venture in Thailand with this Booster Program.

1. What is the Startup Booster Program?

True Digital Park’s Startup Booster or TDPK Incubation Program is a flagship program designed to nurture tech startups by offering a wealth of resources, including access to a sprawling innovation ecosystem, networking opportunities, and strategic partnerships. Its mission is to bolster the growth of startups and position Thailand as a leading technology and innovation hub.

2. Program Benefits

The program offers an exceptional package for foreign entrepreneurs looking to establish their startups in Thailand, including a 1-year SMART Visa Type “S” for living and working in the country. Participants also gain a year’s access to co-working spaces across True Digital Park, True Space, and over 10 partner locations, alongside invaluable opportunities for business matching and potential partnerships. The program provides consultations with startup incubator experts, access to on-demand materials designed to aid startup success, recruitment assistance, opportunities for startup funding, and invites to monthly networking events, ensuring a comprehensive support system for budding entrepreneurs.

3. Qualifying for the Program

To qualify, startups must focus on high-tech or innovative solutions that align with Thailand’s Smart Visa categories, including technology, health tech, fintech, and more. A clear business plan, potential for growth, and the ability to contribute positively to Thailand’s startup ecosystem are crucial criteria.

4. The Application Process

The path to joining the TDPK Startup Booster Program involves a meticulous application process, where every applicant is required to craft a comprehensive Startup Business Plan (pitch deck). This pitch deck must cover the following essential aspects of your startup:

• 1-Page Executive Summary
• Company Background
• Mission & Vision
• Management Team
• Products/ Services
• Technology and Innovation Applied
• Industry Description/ Competition/ Trends
• Marketing & Sales Strategy
• Financial Plan/ Exit Strategy/ Funds Required
• Revenue Model
• Growth Strategy
• Thailand’s Benefit

5. Startup Booster Packages

The TDPK Startup Booster Program provides two distinct packages: the Entrepreneur Package, aimed at individual entrepreneurs or those looking to start or explore business opportunities in Thailand, priced at ฿100,000 (approximately $2,800); and the Thailand Soft Landing Package, designed for government agencies or organizations, with specific requirements that can be tailored upon discussion. Interested parties for the latter are encouraged to reach out via incubator@truedigitalpark.com for more information.

Take the Leap and Boost Your Startup

The TDPK Startup Booster Program stands as a beacon for foreign entrepreneurs aiming to make their mark in Thailand’s thriving startup scene. With comprehensive support, strategic benefits, and a welcoming environment, the program not only aids in launching your startup but also in integrating into the vibrant tech community. If you’ve been contemplating a startup venture in Thailand, now is the time to take the leap and apply for the TDPK Startup Booster Program. Embrace this opportunity to transform your innovative ideas into reality and contribute to the exciting growth of Thailand’s digital economy.

To learn more about the program, visit https://www.truedigitalpark.com/en/startup-support/tdpk-startup-booster.

Sources: True Digital Park, Thaiger