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SEC holds seminar to promote SMEs’ and startups’ access to the capital market and competitiveness in the digital age.



Thursday 27 February 2020 | No. 35 / 2020


27 February 2020 - SEC enables the gateway for SMEs and startups to the Thai capital market with technology utilization by holding the “SEC FinTech for SMEs and startups: Innovation for Financial Inclusion” seminar aims to promote funding accessibility through the capital market by unlocking regulatory restrictions, encourage enterprises to use technology to improve business efficiency and enhance competitiveness in the digital age and also provide a forum for business matching to create partnership and drive business growth.

SEC Chairman Voravidh Champeeratana said that “SEC is aware of the importance and necessity in developing SMEs and startups which will promote continuous and sustainable growth for Thai economy. SEC therefore held the seminar “SEC FinTech for SMEs and startups: Innovation for Financial Inclusion” to build awareness of the government policies, funding accessibility through the capital market, using technology to improve business efficiency and adjust themselves to correspond with technological rapid changing during digital age, including business matching activity to drive business growth and competitiveness according to the national strategic plan and Thai capital market development plan.  

SEC Secretary-General Ruenvadee Suwanmongkol, spoke on the topic of  “SEC enables the gateway for SMEs and startups to the Thai capital market with technology utilization.” which emphasizes on the importance of SMEs to the Thai economic system and SEC’s role in “unlocking the three gateways to solve SMEs’ existing problems,” including a shortage of fundraising channel, insufficient fundraising information, and lack of business development tools. All these things are  SMEs’ and startups’ key barriers to raise fund through the capital market. Consequently, SEC would unlock the gateway by applying following 8 keys.

(1)  The seminar entitled “SEC FinTech for SMEs and startups”: This seminar provided information about support by agencies in the capital market for SMEs and startups. It is also the first forum for business matching that enables SMEs, startups, and high-potential investors to form partnerships.

(2)  A platform that supports fund mobilization by SMEs and startups: Initially, this platform will be used to provide information, communications, and news, where interested persons can easily access SMEs’ and startups’ information, as well as knowledge of fund mobilization. The platform will be subsequently used for collaboration among relevant agencies for the benefits of SMEs and startups, such as for business matching and for the development of advanced knowledge to improve operators’ skills. Furthermore, the development of tools for shared technology solution services, such as accounting and tax programs, will be promoted in order to enhance.

(3)  Enabling the gateway for SMEs and startups to access funds in the capital market by issuing securities that are suitable to their business size and their capital needs.

(4)  Revising crowdfunding regulations in order to clarify the regulatory border for crowdfunding business operators and provide more alternative fundraising for SMEs and startup as well.

(5)  Developing digital infrastructure for the Thai capital market : Distributed Ledger Technology (DLT) to support transactions of all products including SMEs’securities.

(6)  On-site activities to provide knowledge to SMEs in many provinces including introduction to fund raising, preparation to raise fund from capital market, capital market information clinic and seminar.

(7)  24/7 Financial Clinic: This is to provide consultation to interested persons without charges. Anyone interested can call SEC’s Help Center at 1207.

(8)  Promotion of collaboration among agencies: For example, the “SME PE VC” working group was set up to integrate collaboration among 13 government and private agencies.

This seminar also included some panel discussions under the topic of “Unlocking Potential Thai SMEs and startups for accessibility and competitiveness in the Digital Era,” by the representatives from government and private sectors who involve in the capital market and relate with digital economy. “The Future of Fundraising: a new alternative fund for SMEs and startups,” by the representatives from venture capital, crowdfunding portal operator, the SMEs that successfully raise fund through crowdfunding.  “Equip Thai SMEs and startups with Innovations and Technologies” and “The Journey Toward the Digital Era” by the executives from the leading startup companies in Thailand.

Moreover, there are 27 booths from government and related private sector to promote and support SMEs and startups. Also, there are 15 companies attend business matching activities and more than 500 participants in this seminar on the 27th February 2020 at Samyan Mitrtown, Bangkok.












Building Confidence in the Capital Market
NEWS
Securities and Exchange Commission
Corporate Communication and Investor Service Department
Tel. (66)2033-9502-5 E-mail: press@sec.or.th
No. 35 / 2020 Thursday 27 February 2020
SEC holds seminar to promote SMEs’ and startups’ access to the capital market and competitiveness in the digital age.
27 February 2020 - SEC enables the gateway for SMEs and startups to the Thai capital market with technology utilization by holding the “SEC FinTech for SMEs and startups: Innovation for Financial Inclusion” seminar aims to promote funding accessibility through the capital market by unlocking regulatory restrictions, encourage enterprises to use technology to improve business efficiency and enhance competitiveness in the digital age and also provide a forum for business matching to create partnership and drive business growth.

SEC Chairman Voravidh Champeeratana said that “SEC is aware of the importance and necessity in developing SMEs and startups which will promote continuous and sustainable growth for Thai economy. SEC therefore held the seminar “SEC FinTech for SMEs and startups: Innovation for Financial Inclusion” to build awareness of the government policies, funding accessibility through the capital market, using technology to improve business efficiency and adjust themselves to correspond with technological rapid changing during digital age, including business matching activity to drive business growth and competitiveness according to the national strategic plan and Thai capital market development plan.  

SEC Secretary-General Ruenvadee Suwanmongkol, spoke on the topic of  “SEC enables the gateway for SMEs and startups to the Thai capital market with technology utilization.” which emphasizes on the importance of SMEs to the Thai economic system and SEC’s role in “unlocking the three gateways to solve SMEs’ existing problems,” including a shortage of fundraising channel, insufficient fundraising information, and lack of business development tools. All these things are  SMEs’ and startups’ key barriers to raise fund through the capital market. Consequently, SEC would unlock the gateway by applying following 8 keys.

(1)  The seminar entitled “SEC FinTech for SMEs and startups”: This seminar provided information about support by agencies in the capital market for SMEs and startups. It is also the first forum for business matching that enables SMEs, startups, and high-potential investors to form partnerships.

(2)  A platform that supports fund mobilization by SMEs and startups: Initially, this platform will be used to provide information, communications, and news, where interested persons can easily access SMEs’ and startups’ information, as well as knowledge of fund mobilization. The platform will be subsequently used for collaboration among relevant agencies for the benefits of SMEs and startups, such as for business matching and for the development of advanced knowledge to improve operators’ skills. Furthermore, the development of tools for shared technology solution services, such as accounting and tax programs, will be promoted in order to enhance.

(3)  Enabling the gateway for SMEs and startups to access funds in the capital market by issuing securities that are suitable to their business size and their capital needs.

(4)  Revising crowdfunding regulations in order to clarify the regulatory border for crowdfunding business operators and provide more alternative fundraising for SMEs and startup as well.

(5)  Developing digital infrastructure for the Thai capital market : Distributed Ledger Technology (DLT) to support transactions of all products including SMEs’securities.

(6)  On-site activities to provide knowledge to SMEs in many provinces including introduction to fund raising, preparation to raise fund from capital market, capital market information clinic and seminar.

(7)  24/7 Financial Clinic: This is to provide consultation to interested persons without charges. Anyone interested can call SEC’s Help Center at 1207.

(8)  Promotion of collaboration among agencies: For example, the “SME PE VC” working group was set up to integrate collaboration among 13 government and private agencies.

This seminar also included some panel discussions under the topic of “Unlocking Potential Thai SMEs and startups for accessibility and competitiveness in the Digital Era,” by the representatives from government and private sectors who involve in the capital market and relate with digital economy. “The Future of Fundraising: a new alternative fund for SMEs and startups,” by the representatives from venture capital, crowdfunding portal operator, the SMEs that successfully raise fund through crowdfunding.  “Equip Thai SMEs and startups with Innovations and Technologies” and “The Journey Toward the Digital Era” by the executives from the leading startup companies in Thailand.

Moreover, there are 27 booths from government and related private sector to promote and support SMEs and startups. Also, there are 15 companies attend business matching activities and more than 500 participants in this seminar on the 27th February 2020 at Samyan Mitrtown, Bangkok.