InnoSpace (Thailand) Co.

InnoSpace (Thailand) Co. is a Thai venture capital firm established through the collaboration of public and private sectors, aiming to support and develop the startup ecosystem in Thailand. The company focuses on promoting Thai startups to drive the country's economic development in line with the Thailand 4.0 policy. InnoSpace (Thailand) operates as a not-for-profit entity with a profitable approach, emphasizing alignment with limited partners, synergy among stakeholders, and filling gaps in the startup ecosystem.

The firm's investment focus includes sectors such as Medical and Pharmaceutical, Food and Biodiversity, and Industry 4.0. In 2024, InnoSpace Thailand invested 22 million THB in three DeepTech startups: MUI Robotics, Meticuly, and Flo Wolffia. These investments were made in partnership with FTI Innovation One and the NIA Matching Fund Scheme, ensuring that all three startups secured matching funds to accelerate their growth. Additionally, National Telecom (NT) joined as a new limited partner, contributing 100 million THB to InnoSpace's investment pool, underscoring the increasing support from Thailand's leading organizations in fostering next-generation technology ventures.

Looking ahead, InnoSpace Thailand aims to invest 50 million THB in DeepTech startups in 2025, further strengthening Thailand's position as a regional innovation hub. A key milestone for the year will be the launch of Venture Spark, an early-stage sector-agnostic accelerator partnered with A2D Ventures. This program will provide critical support, mentorship, and funding opportunities to help startups scale and thrive within the ecosystem.