US-based investment and technical innovation platform, Plug and Play, has announced a partnership with four of Thailand’s largest conglomerates.
They are national oil and gas conglomerate PTT Plc, oil refinery Thai Oil Plc, private hospital operator Bangkok Dusit Medical Services Plc (BDMS), and real estate developer and investor KE Group.
The four corporations intend to leverage Plug and Play global ecosystem to facilitate meaningful introductions with 13 of the most excellent startups sourced from 15,000-plus in the latter’s global network.
Under the inaugural theme of Smart Cities vertical in Thailand, the selected startups will have the opportunity to conduct pilots and forge new relationships with Plug and Play Founding Anchor Partners.
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This 3-month accelerator programme, which runs from August to November, requires no participation fees and does not take prerequisite equity from the participating startups.
The 13 startups are: HAVR (smart locks technology), Streamr (blockchain-based data monetisation for smart city IoT device), Bleenco (AI for understanding human behaviour), Imagine (smart materials for the industrial IoT), Magnax (axial flux electric motors), Steerpath (universal indoor positioning platform), SharingOS (full-stack mobility sharing solution), Ascent (urban air mobility platform), SoundEye (AI-based sound recognition technology for smart building), Abizo(customer touchpoint platform), Qlue (smartcity ecosystem), Kiana (cloud-based solution to enhance proximity marketing), and Haupcar (P2P mobility sharing application).
Plug and Play has built an innovation platform, bringing together startups, investors, and blue-chip corporations. It is now active in more than 28 locations globally, including the US, China, France, Germany, the Netherlands, Singapore, and Indonesia.
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