He expressed the hope at a recently held forum entitled “Renovating Thailand by Young Scientists” which drew the participation of about 500 startup representatives.

Prime Minister Prayut Chan-o-cha spoke to 500 innovators and owners of startup businesses. (Photo: Bangkok Post)
The Thai leader affirmed that the government wishes to develop Thailand into a “startup nation”.

At the forum, many startups proposed the government to change startup-related laws, thus enabling them to access capital sources favourably.

The government should support startups and consider them an important force that contributes to national development, they said.

The Thai government is preparing plans for the second phase of the startup development programme in 2019-2021 with a hope of increasing the national GDP by 5 percent, creating 50,000 jobs and having additional 1,000 startups./.