[This is a sponsored article with MDEC.]
Within the dynamic panorama of Southeast Asia’s digital economic system, Thailand has grow to be a hub for tech innovation. The nation has a rising startup ecosystem, with over 13,000 startups and an inflow of enterprise capital funding, making it a main goal for cross-border collaborations.
Recognising this, Malaysia is increasing its technological footprint by way of DEX Connex Thailand 2024. This initiative is a part of the Malaysia Digital Financial system Company’s (MDEC) Digital Export (DEX) facilitation programmes.
It’s a part of MDEC’s GAIN (Gateway, Amplify, Make investments, Nurture) initiative, which empowers high-potential Malaysian tech companies to broaden their regional and world attain.
Connecting startups throughout borders
DEX Connex Thailand is a platform designed to attach Malaysian tech companies with potential companions in Thailand.
This initiative goals to spice up cooperation between Malaysia and Thailand and promote digital exports. It does so by offering entry to a powerful help community, together with channel companions, authorities businesses, company associations, and enterprise capital corporations.
In easy phrases, it signifies that Malaysian tech companies get the connections and assets they should develop, like introductions to key companions and alternatives for funding.
This yr, DEX Connex Thailand partnered with True Digital Park, which is a key MDEC ecosystem associate in Thailand.
To additional improve the community impact, MDEC additionally partnered with Techsauce, considered one of Thailand’s main tech publishers, which hosted the Techsauce World Summit 2024 on August 7-9 at True Digital Park, Bangkok.
DEX Connex introduced collectively 51 Malaysian tech companies and greater than 40 Thai companions. This was made potential with backing from the Malaysian Embassy in Bangkok, Malaysia Exterior Commerce Growth Company (MATRADE), and Thailand’s Digital Financial system Promotion Company (depa).
Based on MDEC, the summit attracted round 16,000 guests from over 60 international locations, centred on the theme, “The World of Tomorrow with AI”.
Fostering progress partnerships
The DEX Connex Thailand programme was full of key occasions and actions that facilitated cross-border collaboration. One of many highlights was the Malaysia Diaspora Night time, a networking occasion that introduced collectively the Malaysian diaspora in Bangkok together with Thai-based Malaysian technopreneurs, Malaysian tech companies, and Thai tech leaders to construct stronger relationships.
Companions like True Digital Park and depa performed a task in driving the digital economic system collaboration between Malaysia and Thailand.
The Memorandum of Understanding (MoU) exchanged between MDEC and depa additional solidified this partnership, paving the best way for extra native expertise companies to penetrate the Thai market.
The primary occasion at True Digital Park featured the MoU and Partnership Alternate Ceremony, the place 10 agreements have been signed between Malaysian and Thai companies. They embrace:
CapBay (Malaysia) and SleekEV (Thailand): To advertise sustainable mobility options by way of seller financing.
CapBay (Malaysia) and AccRevo (Thailand): To offer built-in monetary options for SMEs.
Tala Data (Malaysia) and Nimit Nation (Thailand): To deal with ASEAN cultural content material creation.
Intelligence Traceability (Malaysia) and S.M.S Options (Thailand): To boost traceability in the meals and prescribed drugs business.
EasyStore Commerce (Malaysia) and Lalamove (Thailand): To enhance supply effectivity for SMEs.
EasyStore Commerce (Malaysia) and Sunmi Know-how (Thailand): To boost fee processing for SMEs.
CTH Commerce (Malaysia) and T.R. SIAMPUN (Thailand): To combine PayRecon’s options with TRCloud’s accounting resolution to help Thai SMEs.
MODELLO Search (Malaysia) and GoFluence Thailand (Thailand): To expand operations in Thailand.
Dattel Asia Group (Malaysia) and depa (Thailand): To help SMEs with digital advertising and marketing and AI options.
ReSkills (Malaysia) and The ATTA (Thailand): To expand ReSkills’ subscriber base in Thailand by way of engagement with companies, universities, and lifelong learners.
These partnerships resulted in greater than RM200 million price of engagements, highlighting the programme’s position in selling Malaysian expertise and innovation on the worldwide stage.
Notable Malaysian companies comparable to Carsome, Macrokiosk Thailand, and Ashisuto World Applied sciences additionally participated in DEX Connex Thailand.
They too exchanged MoUs in the course of the occasion, every specializing in increasing enterprise alternatives and fostering collaboration between Malaysian and Thai tech companies.
For instance, Carsome has injected a serious funding to refurbish its centre in Samut Prakan to solidify its presence as a prime participant in Thailand’s automotive ecommerce market. The Malaysian unicorn additionally has Thai-based platforms—One2Car and Autofun Thailand—which are a magnet for thousands and thousands of tourists each month.
Macrokiosk Thailand, which has been energetic since 2004, has fashioned a powerful partnership with a serious Thai holding firm. They’re working collectively throughout cell retail, meals and beverage, asset administration, and property improvement.
In the meantime, Ashisuto World Applied sciences has partnered with RICOH Thailand to launch DocKITA® providers. They’re specializing in serving to SMEs with focused social media campaigns and exhibitions.
Organising the following stage
DEX Connex Thailand 2024 has performed a significant position in strengthening the tech collaborations between Malaysia and Thailand, driving the digital economic system throughout Southeast Asia.
As MDEC continues to help Malaysian tech companies in increasing their world footprint, the success of DEX Connex in Thailand units the stage for future collaborations. MDEC is now organising their subsequent initiative, DEX Connex Vietnam, they usually’re searching for individuals.
Should you’re rising a startup that’s prepared for world enlargement, be a part of MDEC’s rising community by making use of for Malaysia Digital (MD) standing and expose your startup to the remainder of SEA and past. By the MD nationwide strategic initiative, MDEC is reworking the nation’s digital panorama by leveraging expertise and innovation to drive sustainable financial progress
DEX Connex Vietnam will start on November 14-15, alongside the Vietnam Innovation Summit.
RSVP for DEX Connex Vietnam right here.
Learn different articles on Malaysian startups right here.
Featured Picture Credit score: MDEC
