Beacon VC joins hands with the Department of Climate Change and Environment, and GGGI, to launch Thailand's first Climate Tech Startup Guide

Mr. Woraphot Kingkawkantong, Investment Head of Beacon Venture Capital Company Limited (Beacon VC), said that amid the various challenges Thailand is facing, efforts to address climate change are ongoing. Climate tech startups are playing a key role in developing innovations that help the country advance towards its greenhouse gas emission reduction and net zero targets. Beacon VC has supported this effort through the Beacon Impact Fund. Additionally, to strengthen the foundation and development of Thailand's climate tech ecosystem, Beacon VC has collaborated with the Department of Climate Change and Environment and GGGI to launch Thailand's first Climate Tech Startup Guide. This guide serves as a vital resource for entrepreneurs, investors, and policymakers to fully leverage the potential of climate technologies by focusing on generating economic value while also reducing greenhouse gas emissions.

The content of this new Thailand Climate Tech Startup Guide brings together insights from experts across various sectors, practical guidelines, and case studies to help startups effectively plan and scale their businesses. It covers key topics relevant to climate tech startups, including funding sources, innovation, and policy governance. The guide also offers recommendations on how Thailand can leverage climate technologies to reduce greenhouse gas emissions, along with suggestions for legislative and policy frameworks to support entrepreneurs, investors, and technology developers. The aim is to serve as a foundation for all stakeholders in the climate tech ecosystem, fostering collaboration and driving essential development to accelerate Thailand's transition to a low-carbon society.

Mr. Kittisak Prukkanone, Director of DCCE's Division of Strategy and International Cooperation, said the collaboration in developing the Thailand Climate Tech Startup Guide highlights the importance of Thailand's clear and ambitious target for reducing greenhouse gas emissions. This challenge cannot be addressed by policy alone but requires innovation to drive progress and climate tech entrepreneurs to leverage technologies to tackle climate change issues - from reducing emissions to helping communities adapt to climate impacts. While the government has introduced policies and incentives to support climate tech development, businesses still face key challenges, including complex regulations, a shortage of skilled personnel, and limited access to funding. These remain major barriers to unlocking the full potential of the climate tech sector. Thus, it is essential to create a policy framework that is both flexible and robust to accommodate new innovations that outdated laws cannot address, and to establish more direct support channels for startups.

Mr. Santikorn Pakdeesettakul, GGGI's Senior Green Investment Strategy Officer, added that the global green business market is projected to reach 280 trillion USD by 2050. Meanwhile, Thailand has begun to define clearer targets for achieving net-zero greenhouse gas emissions, promoting a circular economy, and advancing a green economy. These developments present investment opportunities in emerging sectors, such as clean energy, sustainable agriculture, waste management, and electric vehicles. Therefore, the development of the Thailand Climate Tech Startup Guide aims to promote climate tech to effectively seize these opportunities. If Thailand can overcome existing barriers and strengthen its innovation ecosystem comprehensively, the country has strong potential to become a regional hub for climate innovation.

Mr. Woraphot concluded that although Thailand's climate tech startup industry still faces various challenges, there are ample opportunities for business development in this field as stakeholders across various sectors have increasingly recognized the importance of climate tech, sparking collaborations to create innovations for mitigating climate change. The Thailand Climate Tech Startup Guide delves into specialized climate tech sectors with high growth potential in Thailand and invites all sectors to look ahead at fields that will play a crucial role in the future, particularly greenhouse gas reduction in industries, climate-resilient infrastructure development, and biodiversity conservation, being key issues at both the national and ASEAN levels. Interested individuals can download the Thailand Climate Tech Startup Guide for free in Thai at https://www.dcce.go.th/media/6757/ and in English at https://www.dcce.go.th/media/6762/.

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