Good news to all yuppies, freelancers, remote workers, start-ups and aspiring entrepreneurs: the True Digital Park has just launched the Work Space last week. This budget-friendly co-working zone will not only accommodate 4,500 people but will also bring in venture capitalists and investors.
This recent move is in line with True Digital Park’s goal of becoming a start-up innovation and development hub, where techpreneurs, small-medium enterprises, academics and basically anyone with a desire to create can convene and actualise their ideas. Settings like the Work Space contribute greatly to Thailand’s startup and innovation industry.
Talking to CBRE representatives, True Digital Park president Thanasorn Jaidee, said that the first phase of building the park cost “over 600 million baht.” Nevertheless, she was confident that this project “will strengthen Thailand’s startup ecosystem comprising startups, corporates, technology exchanges, digital infrastructure facility funding and networking opportunities.”
True Digital Park is the first and largest campus for start-ups and innovators in Thailand and Southeast Asia. Situated on 200,000 sq.m stretches of land, this tech-savvy park features has a commercial and lifestyle side, which coexist with the campus and residential areas.
The park is accessible to the east of Bangkok. Get off Sukhumvit Soi 101, along the Bangkok CyberTech District, via Punnawithi BTS Station. This expanding innovation district is set to attract tech companies, whose presence will open more tech or online jobs in Bangkok. For accessibility’s sake, True Digital Park has opened branches in Bangkok’s densely populated but transportation-rich areas.
The first leg of this mega project has been completed. In addition to the Work Space, which spans 77,000 square metres, there is also a 30,000-square-metre Lifestyle Space and a Living Space comprised of a residential area and condo buildings.
Mr Thanasorn added: “Tech youngsters need the work and living integration that this Digital Park will provide in an environment to support their projects.”
The co-working space will charge a monthly membership to approximately 600 startups. They will be provided with a workspace and a seat with free amenities. Such arrangements are particularly attractive to digital nomads, remote workers, freelancers, entrepreneurs and start-ups.
More established startups or firms may opt to get a bigger office space and rent it for a fixed term under a single membership fee. Big names in technology such as Google, Amazon, Huawei and Ricoh will each have a designated area inside the True Digital Park. Google will operate its second-biggest academy outside of the United States, next to their academy in the United Kingdom. Amazon will launch a cloud consulting lab. Huawei and Ricoh will both have development labs, the former focusing on smartphones, tabs and laptops while the later offering digital printing.
Financial technology and AI development will be spearheaded by two of Thailand’s biggest banks – Krungthai and UOB.
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