Bangkok Bank Announces Success of "Green Innovative Solutions Startup Pitching"
Bangkok Bank is delighted with the success of its "Green Innovative Solutions" event, a platform for green innovation startups to showcase their potential and connect with business opportunities. The bank also announced the winners of three outstanding green projects, which were presented at the grand seminar "The Great Green Transition," attended by over 700 business leaders from diverse industries. The event is expected to unlock significant opportunities and further drive Thailand’s transition to a low-carbon economy. This initiative reinforces Bangkok Bank’s role as a "trusted partner and close companion" to businesses, supporting their sustainable growth.
Dr. Pichet Durongkaveroj, Executive Director of Bangkok Bank Public Company Limited, stated that as a "leading regional bank," Bangkok Bank organized the "Green Innovative Solutions Startup Pitching" to build a network of businesses seeking to adapt and develop pathways for sustainable growth aligned with ESG principles (Environmental, Social, and Governance). The initiative also aims to accelerate Thailand’s shift toward a low-carbon economy. Startups and environmental innovation companies were invited to compete by pitching their products and services through the program. The event garnered strong interest, with 44 leading Thai startups specializing in green transition innovations participating. These startups offer solutions to help businesses adapt to increasingly stringent global environmental regulations.
A panel of experts from Bangkok Bank and Innospace (Thailand) Co., Ltd. evaluated participants based on four criteria:
- Business Impact
- Technical Competence
- Sustainability Impact
- Scalability
Ten startups were selected to showcase their products and services at "The Great Green Transition" seminar, with the top three presenting their environmentally friendly solutions on the main stage. These startups are driving collaborations to advance sustainable business models and ESG principles while contributing to Thailand’s low-carbon transition.
The three winning startups, awarded cash prizes by Bangkok Bank, are:
First Prize (100,000 baht):
AltoTech Global Co., Ltd. – A building energy management company that developed an intelligent energy control system using IoT and AI to optimize energy usage based on a building’s environment.Joint Second Prize (50,000 baht each):
PAC Regenerating Energy (under PAC Corporation (Thailand) Co., Ltd.) – Innovators of energy-saving water heaters and air conditioners that recycle waste heat from AC units, reducing energy consumption by 4–5 times compared to conventional systems.
BioNex Co., Ltd. – A biotech company creating additives for food, pharmaceuticals, and cosmetics using food waste. Their Bio-Cellulose technology enhances water retention capabilities.
Seven additional startups showcased their projects at the seminar:
- Papa Paper (under Simple Decor Co., Ltd.) – Converts agricultural waste into paper to reduce waste, burning, and carbon emissions.
- T-Smart (under TIE Smart Solution Co., Ltd.) – An AIoT energy management system that reduces HVAC energy use through automated controls.
- Videnvaren+ (under Bangkok Priya Group Co., Ltd.) – Eco-friendly construction materials using passive innovations and low-energy materials.
- ZeroBoard (Thailand) Co., Ltd. – A sustainability management platform for ESG data collection, analysis, and reporting.
- Carbon Crunch – Livestock feed innovations to reduce greenhouse gas emissions, developed by students at Srinakharinwirot University.
- Smart Hybrid Aerator (under Smart Hybrid Aeration System Co., Ltd.) – Reduces energy waste in wastewater treatment.
- Revestec Co., Ltd. – Transforms plastic and agricultural waste into composite plastic pellets and ropes.
Dr. Pichet added, “Bangkok Bank has consistently supported networks that share experiences, knowledge, opportunities, and innovations. Programs like ‘The Great Green Transition’ aim to empower startup networks to drive sustainable business growth and Thailand’s low-carbon future.”
Note: ESG = Environmental, Social, and Governance; AIoT = Artificial Intelligence of Things; HVAC = Heating, Ventilation, and Air Conditioning.
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