Four Thai game developers win dream shot at multitrillion-baht global industry
Four teams of Thai gaming developers have “unlocked the next level” in the government’s start-up incubator and will now get help from Nintendo in their quest to become industry players.
The four winners of Game Accelerator Program Batch #1, run by the Digital Economy Promotion Agency (depa), will be upskilled by Nintendo and then be matched with potential investors. The winning teams will also get the chance to test their software on real games players before launching their products in Thailand and abroad.
Thailand’s first accelerator programme for the gaming industry will help Thai developers meet international standards in an industry that is growing exponentially, said depa president Nuttapon Nimmanphatcharin.
Nenin Ananbanchachai, president of the Thai Game Software Industry Association, said Covid-19 lockdowns had resulted in a significant increase in digital gamers, with 41 per cent (27.8 million) of Thailand’s population now playing online. In 2020, the game market was worth US$159 billion or about 4.9 trillion baht, according to e-sports marketing consultancy Newzoo. That figure is expected to grow to $200 billion by 2023.
“Such statistics have led us to believe that there will be more investment and manpower in the Thai gaming industry in the near future. Moreover, we might be able to see companies in the gaming industry listed in the new sector on the Stock Exchange of Thailand so that investors can invest in those games development companies,” said Nenin.
The Game Accelerator Programme’s four categories, winners and their games are as follows:
Action game category: IGLOO STUDIO - Bounty Brawl
Adventure game category: Plastiek Company Limited -RRR Express
Strategy game category: Fairplay Studios - at your service
Sport (Casual Game) category: Varisoft Company Limited - Pakapow party