Media OutReach
NIA Eyes Green Tech Unicorns Within Three Years, Four Thai Startups Set to Showcase at ‘Web Summit Qatar 2025’ as Global Green Innovation Market Forecasts 25% Annual Growth Over the Next Decade
This move comes amid booming global demand for green technology. The environmental tech sector is expected to grow at an average rate of 25% annually over the next ten years, underscoring a unique opportunity for Thailand to cultivate and launch a new generation of climate/green tech startups—potentially propelling them to unicorn status.
Dr. Krithpaka Boonfueng, Executive Director of the National Innovation Agency (NIA), noted that the global sustainability movement is gaining significant momentum. SMEs, startups, and industrial sectors worldwide are rapidly integrating technology to drive sustainable innovation. As a result, startups that develop solutions for environmental preservation and climate change mitigation are attracting increasing attention from both consumers and investors—domestically and abroad. The surging global appetite for these technologies reinforces their massive market potential, with projections suggesting a sustained average growth rate of 25% annually for the next decade.
Thai startups are well equipped with innovation capabilities comparable to their international counterparts. However, a lack of opportunities and readiness in structured business management has often hindered their full potential for expansion into global markets. As the nation’s designated Focal Conductor for innovation, the NIA is therefore committed to providing comprehensive support—including funding, opportunities, and knowledge development—to empower Thai startups to grow with greater strength and readiness for international expansion.
A particular focus is being placed on accelerating the development of startups in the fields of environmental technology and sustainability, with the ambition of nurturing more Thai unicorns—startups valued at over 1 billion US dollars—over the coming years. To achieve this, it is crucial to stimulate investment through collaborative efforts between the public sector, private enterprises, and academic institutions.
One key initiative towards this goal is the Unicorn Factory Thailand project, which aims to enhance the capabilities of promising startups and unlock new opportunities to propel them onto the global stage. The program will feature workshops targeted at startups in the Series A stage and beyond, covering vital areas such as building sustainable businesses, expanding investor and partner networks, strategies for international market entry, and gaining opportunities to pitch at leading global technology and innovation showcases.
Dr. Krithpaka further added that over the past year, the NIA successfully created new business opportunities and connected four growth-stage Thai startups, along with one winning student team from the Startup Thailand League 2024, to the global stage at TechCrunch Disrupt 2024—a leading global technology and startup conference and exhibition. During the event, the delegation also engaged in discussions with partner organizations supporting startup development in the United States. These engagements provided valuable exposure for Thai startups, enabling them to explore market expansion strategies and gain access to networks of investors, experts, and global business partners.
In 2025, the NIA remains committed to driving Thai startups towards international markets by continually building new business opportunities. This year, four promising Thai startups in the fields of Climate Tech and Green Tech have been selected for further internationalization efforts. These are:
1. Altotech.AI – developers of intelligent energy management systems;
2. ION ENERGY CORPORATION – a leading provider of residential solar energy solutions in Thailand, offering integrated energy management and payment platforms for PPA/EPC clients;
3. VEKIN (Thailand) – creators of the AI Carbon Editor tool, designed to analyze and manage carbon emissions for corporate and industrial sectors; and
4. MUI Robotics – developers of intelligent robotics and automation systems for applications in industries such as manufacturing, logistics, healthcare, and agriculture.
These four startups are showcasing their innovations, presenting business plans, and engaging directly with investors and international markets at Web Summit Qatar 2025, held in Doha, Qatar. As the Middle East’s largest technology and startup conference, the event brings together startups, investors, major corporations, public and private sector organizations, and technology leaders from across industries to exchange knowledge, foster collaboration, and strengthen the international startup ecosystem.
The summit expects more than 25,000 attendees, featuring 1,520 startup companies, 723 investors, and 167 partners from around the world. Notably, the Thai startups’ booths attracted strong interest from investors and businesses across multiple countries, resulting in numerous business discussions and information exchanges.
“The NIA aims to produce one to two new homegrown unicorns within the next three years, focusing on startups in the FoodTech and GreenTech sectors,” stated Dr Krithpaka. “These sectors have considerable market demand, particularly GreenTech, which is proving especially promising. Organizations of all sizes—from large corporations to SMEs—are actively seeking solutions to environmental challenges, spurred in part by the growing pressure of carbon taxes imposed on fossil fuel emissions. This has created significant demand for environmental innovations, providing fertile ground for the emergence of high-growth startups in this space.
Investment in environmental and sustainability-focused technologies continues to rise, both in Thailand and abroad. Thailand, in particular, offers a unique combination of factors that position its startups for global expansion: abundant space and resources, as well as real-world environmental challenges that make it an ideal sandbox environment for piloting environmental technologies. These technologies can be trialed across industries under the country’s Green Transformation framework—whether through the adoption of renewable energy, boosting energy efficiency, reducing greenhouse gas emissions, or mitigating pollution.
There is capital available—both from end-users and from investors—and there is strong momentum in the ecosystem. All of this makes Thailand a viable launchpad for unicorns.”
Mr Phattananat Wongwan, Chief Growth Officer (CGO) of MUI Robotics Co Ltd, stated that MUI Robotics’ technologies are already being widely adopted within Thai industries, thanks to their ability to address environmental concerns within industrial production processes. With the support of the NIA, MUI Robotics has been able to accelerate its growth and extend its reach into international markets. In particular, the opportunity to meet with investors and showcase their solutions at Web Summit Qatar 2025 has significantly raised the profile of Thai innovation and helped gain recognition from overseas investors.
“Our technologies go beyond solving local environmental challenges—they’re applicable to industrial problems on a global scale,” said Mr Phattananat. He emphasized that government support is key to enabling more startups to emerge and thrive. “If the government continues to champion and invest in the startup ecosystem, especially in the Climate Tech and Green Tech sectors, Thai startups will be well positioned for sustainable growth on the world stage.”
Mr Pamekitti Puktalae, Technical Product at AltoTech Global Co Ltd, remarked that many industries today are striving to position themselves as leaders in sustainability. This demand creates opportunities for startups developing environmental solutions—whether by creating carbon-neutral spaces or providing ESG-supporting tools—to step in and add real value.
He continued, “NIA’s support in enabling AltoTech, which integrates AI and IoT to address sustainability challenges, to showcase our capabilities at Web Summit Qatar 2025 has opened a crucial gateway for Thai startups to enter the global stage. A market like Qatar, which prioritizes sustainability and smart infrastructure, is an ideal fit. Participating in this event has not only allowed us to engage with global stakeholders and gain insights into international market demands, but also helped us fine-tune our solutions to align with diverse expectations and accelerate our global expansion.”
“Additionally,” he added, “this opportunity has significantly boosted the credibility of Thai entrepreneurs, which in turn has increased our visibility and appeal to both domestic and international investors.”
Hashtag: #NIA
https://www.nia.or.th/The issuer is solely responsible for the content of this announcement.
Media OutReach
Celebrating Hearts at Home: Eden Grace’s Annual Award Ceremony Recognises Meaningful Partnerships
Celebrating Excellence, Empathy, and Everyday Impact
The annual award ceremony aims to recognise the dedication, resilience, and compassion that helpers bring to their work, as well as the support and understanding employers provide in return. Through this event, Eden Grace hopes to inspire stronger, more respectful partnerships between domestic workers and families.
This year’s Heart of the Home Awards will feature several categories designed to appreciate individuals who consistently go above and beyond in their roles. These include:
- Helper of the Year – Awarded to domestic helpers who have demonstrated extraordinary commitment, professionalism, and a caring attitude toward the households they serve.
- Employer of the Year – Presented to employers who exemplify empathy, fairness, and support in their relationships with their helpers, creating a respectful and welcoming work environment.
- Character Trait Awards – Special awards that celebrate the core values of kindness, patience, integrity, and responsibility. Nominees are put forward by employers who wish to recognise the unique strengths of their helpers.
What sets these awards apart is the non-competitive format, there are no “winners” and “losers.” Instead, every nominated house helper or employer is considered a finalist, as long as their nomination includes a thoughtful justification. The goal is to encourage appreciation and build confidence, rather than compare accomplishments.
Nominees for this annual award ceremony are evaluated based on a well-rounded set of criteria, including communication skills, initiative, work ethic, adaptability, and the impact they’ve had on household harmony. The judging panel comprises representatives from Eden Grace who carefully review each submission to ensure fair and heartfelt recognition.
This approach supports Eden Grace’s belief that even the smallest efforts and quietest acts of kindness deserve acknowledgement.
Fostering a Supportive and Uplifting Community
As a long-term initiative, this annual award ceremony aligns closely with Eden Grace’s commitment to improving domestic work conditions and strengthening bonds within households. By honouring both helpers and employers, the agency affirms its vision of fostering mutual respect, trust, and care, essential ingredients for a happy and healthy home.
Eden Grace’s spokesperson shared, “This annual award ceremony is our way of saying thank you. It’s about celebrating the heart behind the work, on both sides. We hope it inspires more households to cultivate meaningful relationships.”
In line with its future plans, Eden Grace is also exploring the possibility of expanding the award categories in the coming years to better reflect the evolving roles and stories within the domestic employment community. These may include recognition for long-term service, cultural understanding, or mentorship between helpers.
Beyond the awards, Eden Grace continues to provide ongoing support and training for maids to develop their skills and build fulfilling careers. The agency also educates employers on best practices in household management and ethical employment, reinforcing its role as a bridge-builder between both parties.
At its core, the Heart of the Home Awards is a celebration of humanity, of people who care, who listen, and who support each other in the shared space they call home.
“To all helpers and employers, thank you for making Singapore a more compassionate and harmonious place. Let’s continue building an uplifting and respectful community, one home at a time.”
Hashtag: #EdenGrace
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About Eden Grace
Established in 2013, Eden Grace is a leading Christian maid agency in Singapore, having proudly served over 5,000 clients with dedication and excellence. More than just a placement agency, Eden Grace is driven by a passion to build meaningful connections between households and domestic helpers. With a client-centric approach rooted in trust and transparency, they empower lives through comprehensive training programmes and ongoing support. At Eden Grace, the team is committed to redefining the domestic service experience, one of passion, integrity, and lasting impact.
Elevating the Shopping Experience for KrisFlyer Members
Through this partnership, LussoCitta’s selection of branded and designer bags is now available on KrisShop’s omnichannel e-commerce site KrisShop.com. KrisFlyer members are eligible for special discount rates during selected promotional campaigns and may also redeem products using KrisFlyer miles, providing alternative methods of purchase.
Additional product collections and designer labels are expected to be introduced progressively on KrisShop.com, in alignment with future promotional periods.
A Win-Win Collaboration for Growth
The collaboration is aligned with both brands’ objectives of expanding customer engagement and increasing market reach. By integrating its product offerings into KrisShop’s retail ecosystem, LussoCitta aims to increase exposure among a broader demographic, including frequent travellers and KrisFlyer members.The partnership allows LussoCitta to offer accessible luxury while providing KrisFlyer members with a convenient way to redeem their miles
For KrisShop, the inclusion of LussoCitta’s range introduces a new product category focused on luxury products and accessories to its existing catalogue. This aligns with its strategy of offering merchandise across different price points and categories.
The initiative is also consistent with LussoCitta’s business approach of building partnerships with established local platforms to support market expansion. By working with recognised entities like KrisShop, the retailer seeks to continue developing its operations in Singapore while maintaining a focus on accessible luxury.
Looking Ahead
LussoCitta plans to develop the partnership in phases over the coming months. Initial efforts will focus on integrating new product lines and seasonal collections into KrisShop’s platform. Promotional activities, including targeted campaigns and member-exclusive offers, are expected to be introduced at regular intervals to maintain customer engagement and drive sales.
Further updates regarding new campaigns, brand partnerships, and expanded product offerings will be announced through official communication channels as they are confirmed.
Hashtag: #LussoCitta #KrisShop
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About Lussocitta
Established in 2009, LussoCittà is a Singapore-based company offering a selection of branded and designer handbags through a single online platform. The company emphasises product authenticity and customer service, providing customers with access to luxury bags through a streamlined and secure shopping experience.
Regional links enhanced and 24 bilateral accords reached
HONG KONG SAR – Media OutReach Newswire – 15 May 2025 – A delegation of more than 50 business leaders from Hong Kong and Mainland China, led by Chief Executive of the Hong Kong Special Administrative Region (HKSAR) John Lee, concluded a fruitful visit to Kuwait yesterday (May 14), reaching a raft of bilateral accords and paving the way for closer links between Hong Kong and Middle East.
“We are here to better understand the opportunities of Kuwaiti business and investment. To explore how Hong Kong, Mainland China and Kuwait, working together, can create long-term mutual opportunities,” Mr Lee told nearly 300 local business leaders attending a luncheon themed “Partnering for Success – Hong Kong as a ‘Super Connector’ and ‘Super Value-Adder'”.
At the luncheon, government departments, enterprises, and organisations from Hong Kong, Mainland China, and Kuwait exchanged and announced 24 memoranda of understanding (MOUs) and co-operation agreements, covering areas such as economy and trade, investment, financial services, technology, legal co-operation, cargo clearance and flow, aviation, post-secondary education and sports. These include a new MOU signed between the Airport Authority Hong Kong and Kuwait Airways, aimed at enhancing aviation connectivity between the two regions.
Mr Lee further announced that, from today (May 15) the United Arab Emirates will grant Hong Kong 30-day visa-free access, while Oman will extend its visa-free period from 10 to 14 days.
Hong Kong is exploring closer ties with the Gulf Cooperation Council (GCC), which includes Kuwait currently holding presidency. Mr Lee said the country wields significant influence in the region’s development.
“Hong Kong’s trade with the GCC last year reached nearly US$20 billion, up 53 per cent over the past four years. And that robust growth is underpinned by our mutual will to advance trade ties,” Mr Lee said. “Indeed, our burgeoning trade and investment co-operation, I believe, could well add momentum to the possibility of a free trade agreement between Hong Kong and the GCC.”
Earlier, (May 13) Mr Lee met with the Amir of the State of Kuwait, His Highness Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, Crown Prince His Highness Sheikh Sabah Al-Khaled Al-Hamad Al-Mubarak Al-Sabah, and Acting Prime Minister His Excellency Sheikh Fahad Yousuf Saud Al-Sabah, to exchange views on strengthening co-operation between Hong Kong and Kuwait including areas such as finance, trade, and innovation and technology.
Mr Lee highlighted that Hong Kong enjoys the advantage of connecting China with the world under the “one country, two systems” principle. He welcomed the Kuwaiti Government and enterprises to utilise Hong Kong’s role as a “super connector” and “super value-adder” to explore new opportunities under the Belt and Road Initiative for mutual benefit.
The Chief Executive led delegation members on several company visits in Kuwait. These included Bukhamseen Group Holding Company, where he introduced Hong Kong’s development opportunities and its highly internationalised and market-oriented business environment with its pool of professional services talent.
Mr Lee and the delegation also visited Zain Group, a major mobile telecommunications company, to learn about its business in innovative technologies and digital communications, and exchange views on topics such as drones, AI, and smart city development.
On the cultural front, Mr Lee toured the Sheikh Abdullah Al Salem Cultural Centre to learn about Kuwait’s arts and culture projects and developments. He noted that both Hong Kong and Kuwait place importance on arts and culture development, and he said he looks forward to further deepening connections and co-operation in cultural exchanges between the two places.
Hashtag: #hongkong #brandhongkong #asiasworldcity #collaboration #partnering #Kuwait #beltandroad
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The issuer is solely responsible for the content of this announcement.
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