Krungsri RISE accelerator is part of the Thai bank’s innovation push to bolster its products and services by partnering with startups

Thailand’s grand plan to transform its economy into an innovation-driven one continues to gain momentum, as government agencies, corporation, and VCs fund and engage startups to help them grow into effective companies and build better products.

One such corporation Krungsri Finnovate, a corporate venture capital (CVC) arm of Krungsri, Thailand’s fifth largest bank, is accomplishing this through its accelerator programme, which it launched together with RISE, a corporate innovation accelerator. Called Krungsri RISE, it has now opened up applications for its third batch.

The 12-week programme is accepting 10 startups for its third batch. Successful applicants will receive mentorship from industry veterans, including the Korn Chatikavanij, the former minister of finance, Thakorn Piyapan, Head of Krungsri Consumer Group and Head of Digital Banking and Innovation, and many more.

Startups will stand to benefit from Krungsri Finnovate — which has earmarked US$30 million over the course of 3 years to fund startups. In addition, the bank will leverage its relationships with RISE and it’s international and regional partners, including leading tech platforms such as Grab, AWS, VISA, Tencent Cloud, and more, to strengthen the startups’ core capabilities.

Also Read: Where does a startup start in Asia? Taiwan, Hong Kong, Japan and Thailand all say here

This year, Krungsri Finnovate has opened its programme to accommodate startups from across the globe. The 3rd iteration of the programme is centred around the concept of “Grow fast and Leap forward” creating solutions that will achieve “sustainable leapfrog growth”

Krungsri RISE batch 3 will start an international roadshow in Singapore on August 1st, 2018 and August 3rd, 2018 in Vietnam. Overseas startups who would like to join the programme can come to its PR roadshow day and pitch directly to Krungsri RISE team.

Those interested in participating can also register online by clicking here from May 31 to August 9, 2018 and stay updated on Krungsri RISE Batch 3 by visiting its Facebook page.
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Disclosure: This article is produced by the e27 content marketing team, sponsored by RISE

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