Wednesday, October 23, 2019

Dtac aims to boost startups

Feb 20. 2019
Facebook Twitter

By The Nation

4,603 Viewed

Dtac has introduced startup funding by venture capital firms for Bt33-495 million to allow firms to get closer to global funding sources.

Alexandra Reich, chief executive officer at Total Access Communication (Dtac), said “Dtac’s greater ambition is to go beyond connectivity and build strong industry ecosystems that can support 5G sustainably. 

“Dtac Accelerate is key to this mission, as startups constitute critical building blocks to the industry verticals we are invested in, such as smart farming and smart vehicles. Dtac Accelerate also supports our internal transformation very directly, providing mentorship for our employees to embrace more agile ways of work.”

Presently, Dtac Accelerate’s portfolio consists of six startups in Series A round and 23 startups with seed funding between US$20,000-50,0000 or Bt600,000. They still cannot raise to the Series A round. 

Asian venture capitalists, including 500 Tuktuks, Golden Gate Ventures, Line Ventures, KK Fund and Monk’s Hill Ventures, are invited to share their knowledge about fundraising, financial management, and other techniques. With the collaboration with Google Launchpad Accelerator, the programme gets Google’s executive workshop to train startups in machine learning and AI from Amazon and Google Cloud.

Facebook Twitter
More in Business
Editor’s Picks
Top News