Ignite Global Partnerships Driving Boundless Success |

Ignite Global Partnerships Driving Boundless Success |

What is Corporate Spark?

Corporate Spark is a program led by the Thailand National Innovation Agency (NIA), to foster cross-border collaboration between Thai corporates and international startups. The program aims to develop commercially viable solutions through market validation, backed by government grants​​.

Purpose:

The program’s objective is to create new market-ready products, services, and business models that align with the Thai market’s needs through the co-creation of solutions between global startups and Thai corporates. Additionally, the program aims to facilitate market expansion for global startups, providing them with opportunities to establish a strong presence in Thailand. For Thai corporates, the collaboration offers access to advanced solutions, enabling them to penetrate new markets and become leaders in their industries.

Our Industry Access: Leading Thai Corporates

Corporate Spark

offers international startups and Thai organizations the opportunity to collaborate across various sectors, allowing them to apply their innovative solutions in Thailand. The scope of technologies cover Climate Tech, Agritech, Digital Health, and Travel Tech to drive growth and innovation in the Thai market

Scope of Technologies

Energy Sector &
Other Related Sectors

Work with leading companies looking to adopt clean energy solutions, energy efficiency technologies, and innovations in carbon management to meet Thailand’s sustainability goals.

Agriculture Sector:

Collaborate with major agribusinesses interested in precision farming, sustainable agriculture technologies, and solutions for improving crop yields and resource management.

Healthcare Sector:

Engage with leading hospitals and healthcare providers seeking advancements in digital health, including AI-powered diagnostics, telemedicine platforms, and healthcare management systems to improve patient outcomes and operational efficiency.

 

Tourism Sector:

Partner with industry leaders in tourism focused on adopting eco-friendly tourism technologies, guest experience management systems, and sustainability-driven platforms to enhance the tourism experience while reducing environmental impact.

Program Overview

Thai corporates will collaborate with international startups to run market validation projects, focusing on developing local market solutions through joint innovation. The program provides up to 5 million Baht in grants for market validation and localization efforts, ensuring that products and services are well-aligned with the Thai market​​.

Project Selection:

Selected projects will be eligible for market validation grants, enabling both corporates and startups to test and refine their products or services before entering the Thai market​​.

What will you get

For Corporates:

  • Access to cutting-edge global innovations.
  • Opportunity to localize and commercialize new products and services together with International Startups with Market Validation Fund up to 5 million Baht.
  • Opportunities to resolve key business challenges with cutting-edge technologies while driving marketexpansion.

For Startups:

  • Direct access to Thai corporates and a chance to enter the Thai market.
  • Government-backed grants through corporate partners for localization and market validation of products up to 5 million Baht
  • Opportunity to collaborate with industry leaders in key sectors​ for market expansion.

Corporate Selection Criteria

Corporate Role:

As a participating corporate in Corporate Spark, your role is to collaborate with global startups to drive innovation and
market growth. Corporates will work closely with startups to co-create tailored solutions that address their specific business
challenges and contribute to industry-leading advancements in the Thai market.

Key responsibilities include:

Defining your business pain points to help match with startups that can provide the most relevant solutions.
Engaging in Pre-Matching and Demo Day activities to select and collaborate with the right startups.
Co-developing and executing a market validation plan with the chosen startups.
Working with NIA to draft a funding proposal to secure up to 5 million Baht in support for the market validation process.
Providing resources and support to ensure a successful collaboration and implementation.

By joining, corporates gain access to cutting-edge innovations, unlock new business opportunities, and receive government support for market expansion.

We carefully select corporates for the program based on several key factors:

Commitment to Co-Creation and Partnership: Corporates must demonstrate a strong willingness to collaborate with global startups in developing innovative solutions tailored to the Thai market.
Readiness for Market Validation: This includes the availability of necessary resources, alignment of company policies, and secured funding to support co-creation efforts and ensure successful market validation.
Strategic Alignment with Innovation Goals: Corporates should have clear innovation goals that align with the objectives of the program, ensuring that the partnership drives tangible outcomes.
Leadership Buy-In: A crucial factor is having the backing of corporate leadership, ensuring the company’s full support and commitment to the program’s success.

Startup Selection Criteria

Startup Role:

Startup role is to bring innovative solutions that address the real-world challenges faced by Thai market. You will collaborate
closely with Thai organizations to co-create and localize products, services, or business models that are market-ready and
tailored for the Thai market.

Key responsibilities include:

Presenting your solution to selected corporates and aligning it with their business needs.
Collaborating on the market validation process to ensure successful implementation and scalability.
Co-developing a project proposal for NIA funding to support market expansion efforts.
Actively engaging in Pre-Matching, Demo Day, and other key activities to foster strong partnerships.

Startups eligible for the program should be in the Seed to Series B stages, with solutions in the sectors of Climate Tech, Agritech, Digital Health, or Travel Tech. The program seeks high-growth potential startups that are ready to collaborate with Thai corporates to adapt their solutions for local market needs

We evaluate startups based on the following key factors:

Industry Impact and Scalability: potential to create significant impact in sectors like Climate Tech, Agritech, Digital Health, and Travel Tech. We look for solutions that can drive growth, address challenges in the Thai market, and have the potential to scale across industries and regions.
Market-Ready Product/Service: Startups should have a developed product or service that’s ready for market validation with Thai corporates, from seed to series B.
Localization and Commercialization Potential: the solution should be adapted to the Thai market, considering local regulations, consumer preferences, and the startup's plan for commercialization.
Team Expertise: We examine the startup’s team capabilities, industry experience, and technical expertise to ensure they can execute the project successfully.
Technology Innovation: We look for innovative technologies that stand out from existing market solutions, with unique features or proprietary technology.
Commitment to Collaboration and Market Expansion: Startups must show a strong willingness to collaborate with Thai corporates and a clear strategy for expanding in the Thai market.
Financial Stability: We consider the startup’s financial position to ensure they have the resources to complete the project successfully.

Climate Tech

Brill Power - A clean-tech platform that develops advanced battery systems using a Si-anode (Energy & Environment)
NatureMetrics - Delivers nature-based solutions to monitor the environment using cutting-edge sensors (Energy & Environment)
Adatos (Series A, SG, AgriFood) - Improve crop identification, nutrient levels & yields via AI + satellite imagery
Agros (Series A, SEA, AgriFood) -Helping 18M horticultural smallholder farmers increase income, livelihoods & decarbonise

Digital Health

Blueskeye - AI and machine learning platform for healthcare solutions (Automotive & Mobility; Healthcare)
uHoo (Pre-series A, PH, Green Building) - Clean Air platform to reduce deaths, improve wellbeing & healthy buildings
Aber Instruments Ltd - IProvides advanced biomass sensor technology to monitor life sciences (Medtech & Life Sciences




Travel:

ZuBlu (Seed, ID, Oceans) - Conserving marine biodiversity through sustainable tourism
HiLo Maritime Risk Management - Revolutionizes maritime safety using data-driven insights (Fleet Management; Marine; SaaS)










Timeline & Key Dates

Apply Now

For Thai Corporates:

Corporates can now register to become partners in the Corporate Spark program, where you will collaborate with cutting-edge international startups to co-create innovative solutions for the Thai market. This is your chance to:
Access global innovations to enhance your business.
Work with high-potential startups to solve key industry challenges.
Receive government-backed grants up to 5 million Baht for market validation.

For International Startups

Apply to Collaborate with Leading Thai Corporates International startups looking to enter the Thai market can apply to be part of Corporate Spark. By applying, startups can:
Partner with leading Thai corporates to validate and localize your products/services and market expansion
Secure up to 5 million Baht in funding through corporate partner for market validation.
Gain access to a network of investors and corporate partners.

Example of Startups

Agriculture

Climate Tech

Digital Health

Travel Tech

For more information please contact:

Vichita@aimspirelive.com, Korranis@aimspirelive.com
Tel : 085-020-3111, 061-813-6099