Bangkok, February 6, 2015 ? The SEC has supported Phoenixict Pte Ltd. and the communication and technology-based alliances from both the public and private sectors in organizing the first CrowdFunding Asia™ Thailand Summit 2015 during February 10-11, 2015 at Renaissance Bangkok Ratchaprasong. The event aims to broaden and create awareness as well as inspire business operators, especially small and medium-size enterprises (SMEs) and startups in Thailand and Asian region toward utilizing advanced technology, such as crowdfunding, to raise fund. With those businesses? capability to raise fund for business expansion, enhance competitive edge and foster creativity and innovation, it will bring about mutual benefits to the country sustainable development in the long run.  

Vorapol Socatiyanurak, SEC Secretary-General said, ?The SEC places high priority on development of channels and financial instruments to facilitate potential businesses, especially SMEs, across the country to raise fund and make greater use of capital market apart from traditional financial options. SMEs are considered the backbone of economic development. At present, there are approximately three million SMEs in Thailand accounted for 37 percent of GDP. The development of fund raising channels will constructively help enhance SMEs? long-term competitiveness.  

In today?s high-tech society that allows communication and transactions to be easily done through internet effectively, crowdfunding has therefore become popular with continuous growth over the years as a viable funding option for SMEs and startups worldwide, particularly in the United States, many countries in European Union, and high technology-based countries in Asia.

The SEC views that the growth trend of crowdfunding will be beneficial to Thailand in five dimensions comprising: (1) greater access to financial sources for business operators; (2) wider range of investment alternatives for investors; (3) chances for more potential technology businesses to grow and turn their ideas into high value and innovation created businesses; (4) growth and quality for capital market; and (5) prosperity and sustainable growth for the country in terms of economy and public wealth, thereby transforming Thailand from a product-driven economy to a value-driven economy and eventually escape the middle-income trap."

The CrowdFunding Asia ™ Thailand Summit 2015 will gather domestic and international representatives from both public and private sectors. The Summit will be a platform for sharing knowledge, views and experiences among regulators, business operators and those having successful crowdfunding campaign. Furthermore, a pitch perfect session will also be arranged for entrepreneurs to meet and present their ideas with investors.