With this MoU, Galaxy Ventures will invest a total of THB 1,500,000 (about US$46,000) into top three qualifying startups from Disrupt University’s StartX 2.0 programme. Each startup will receive THB $500,000 (about US$15,000). The three teams will be selected from a pool of 25 graduating startups, which will be announced this Saturday, September 20.
For background, Disrupt University was founded in 2012 as a way for Thai entrepreneurs to learn everything from ideation, forming a team, designing a prototype, pitching to finding venture capital investment within four short weeks. It was also started by Krating Poonpol, an ex-Global Lead Marketing Manager of Google Earth/Moon/Mars at Google.
In conversation with e27, both parties’ spokespersons, who were present at Echelon Thailand today, shared how the graduates of Disrupt University have made a positive impact on Thailand’s entrepreneurship scene. Alumni include Priceza‘s Thanawat Malabuppha, Stamp‘s Opie Lopansri and Taamkru‘s Wicharn Manawanitjarern. Many of these startups are profitable companies which have gone on to raise funds from global, regional and local investors.
This move can be likened to Galaxy Ventures playing chess with its eyes closed, but fortunately, the chess pieces are candidates who have gone through the Disrupt journey, thus proving themselves ripe for investment.