NationThailand-Apr 16
The National Innovation Agency (NIA) has identified three emerging technologies in the agriculture industry: artificial intelligence, robotics and automation, and biotechnology. It has also initiated the AGROWTH platform to expedite the growth of deep-tech agricultural startups and foster partnerships with major farming businesses. Thailand currently has 81 agricultural startups, with less than 15 focusing on deep technology. The investment in the agri-tech industry exceeds 1.7 trillion baht. This year, NIA is promoting agricultural startups through its AGROWTH project, which is taking applications for startups using deep technology in agriculture with the potential to develop products or services, test real-world usage, and adapt business models to meet agricultural sector needs as well as collaborate with top companies in the agriculture sector. Kritphaka Bunfueang, NIA director, said that based on data, Thai agricultural startups have raised approximately 2.5 billion baht from both domestic and foreign investors. Though relatively modest, this amount indicates a slow and steady growth. AGROWTH 2024 is open for startups using deep agricultural technology based on research and development in AI, robotics, automation systems, IoT (internet of things), VR (virtual reality) technology, biotechnology, and other advanced technologies to address agricultural sector challenges. There are three deep technology trends worth noting that can serve as a guideline for future Thai startups: artificial intelligence, robots and automation and biotechnology. Read more at: https://www.nationthailand.com/blogs/business/tech/40037296
