Agency keen to see 2 more unicorns by 2027

The National Innovation Agency (NIA) wants to see two new unicorn startups emerge by 2027, particularly from businesses involved in the field of generative artificial intelligence (GenAI).

NIA executive director Krithpaka Boonfueng said the agency has already brought around 20 local startups to the international stage to meet with venture capitalists (VCs) and partners through its Unicorn Factory Thailand project, which was launched in the third quarter of last year.

The project incubates and promotes local startups to grow through market expansion and VC partner matching.