BANGKOK, THAILAND -
Media OutReach Newswire
- 1 May 2026 - Prof. Dr. Yodchanan Wongsawat, Deputy Prime Minister and
Minister of Higher Education, Science, Research and Innovation (MHESI),
led the National Innovation Agency (Public Organization) or NIA, along
with Thai Union Group PCL, Mahidol University, and leading corporate
partners including Thai Beverage PLC, Nestlé (Thai) Ltd., and new
partner Foodland Ventures from Taiwan,
to launch "SPACE-F Year 7". This is Thailand's first global
foodtech startup incubator and accelerator program, continuing the
success of solving food industry challenges through sustainable
innovation.
Prof. Dr. Yodchanan spoke about elevating "SPACE-F Batch 7" to
the policy level and building awareness, stating that MHESI aims to
present food innovation products from the startups in this batch at the
upcoming Cabinet meeting. This will allow the Prime Minister to taste
them, raising awareness that FoodTech is the nation's new future. The
products will be presented to the Cabinet in the next two weeks.
Regarding the core concept of combining technology with "Thai taste,"
Prof. Dr. Yodchanan emphasized that no matter how advanced the
technology is, it must maintain the "Nice taste of Thailand." He cited a
"high-tech omelet" he previously tasted as an example, noting that
there is still room for improvement to make it taste closer to an
authentic Thai omelet so that the technology can truly win over
consumers' hearts.
The MHESI Minister continued that regarding food innovation under the
Wellness Economy, this year focuses on using the Wellness Economy as a
New Growth Engine. This is not limited strictly to food but includes AI,
ICT, and software, aiming to push Thailand into a global Wellness
Tourism Hub with support from the BOI in connecting investment
opportunities.
Prof. Dr. Yodchanan further stated that regarding the use of
biodiversity and quality ingredients (Biodiversity & GI), startups
will be encouraged to utilize Thailand's rich biodiversity and GI
products as substitutes for imported raw materials. This will help
reduce costs and create a unique identity.
"As for connecting the 'Thinker' with the 'Doer,' this program
emphasizes linking startups with large industrial corporations and
investors. This helps startups in the Accelerator group advance toward
Series A or B funding, while helping the Incubator group learn business
and pitching experiences from their seniors to cross the business 'Death
Valley.' Furthermore, regarding food and nutrition security in the era
of war: in the current global conditions facing wartime situations, Food
Security and Nutrition Security are vital. This program is an
opportunity for startups to create innovations that help solve problems
for the whole world, with the government working closely with SPACE-F to
create new services and products," the MHESI Minister said.
However, "SPACE-F Batch 7" features 20 participating startups from 10
countries, focusing on the Proof of Concept (POC) strategy to ensure
they can tangibly grow toward commercialization on an international
scale.
Dr. Krithpaka Boonfueng, Executive Director of the National Innovation Agency (NIA),
stated that NIA aims to strengthen the potential of startups and
innovative entrepreneurs to overcome business crises and grow
commercially in a tangible way. Over the past 6 years, the SPACE-F
program has concretely reinforced its role as
a regional food innovation hub by
incubating and accelerating over 100 startups from 18 countries worldwide,
generating a total funding value of over 5.1 billion THB. For the
SPACE-F Year 7 program, it marks another major milestone of leapfrog
growth, setting a new international record with an all-time high of 204
applicants, continuously increasing from 156 in Cohort 6 and 148 in
Cohort 2, reflecting the confidence of global startups in the program's
potential. Concurrently, the program has significantly expanded its
international reach, with applicants from 57 countries worldwide, up
from 34 countries in the previous cohort, affirming that
SPACE-F is a truly global platform connecting and driving world food innovation.
"
The SPACE-F program is considered a vital mechanism in driving the
development of a strong and comprehensive foodtech startup ecosystem by
systematically connecting knowledge, technology, and the industrial
sector together. Particularly, it provides opportunities for startups to
co-develop and test real products (Proof of Concept: POC) with large
corporate partners, as well as access expert networks and world-class
infrastructure. This includes testing protein innovations focused on
appearance, freshness, and taste with Thai Union; developing modern
health and nutrition solutions with ThaiBev and Nestlé; utilizing
deep-tech research laboratories from Mahidol University; and enhancing
fundraising capabilities from Foodland Ventures, which plays a crucial
role in reducing business risks and effectively increasing the chances
of commercialization. For
SPACE-F Year 7,
it aims to elevate startup development through 2 main programs:
the Incubator Program, which focuses on laying business foundations and developing prototypes into market-ready products, and
the Accelerator Program, which focuses on accelerating business
expansion through connections with strategic partners and investors.
This covers 7 key areas of the food industry: 1) Personalized Nutrition,
2) Future Protein, 3) Circular Food Systems, 4) Smart Manufacturing, 5)
Sustainable Production, 6) Food Safety, and 7) Novel Consumer
Experience, to build high-potential startups capable of developing
quality new products that directly meet market demands, ready to compete
and grow sustainably on the global stage."
Ms. Sirichit Jiraruangkiat, Senior Director - Group Innovation at Thai Union Group PCL, revealed,
"As a co-founding partner of the SPACE-F program, Thai Union Group
PCL continues to drive the development of Thailand's foodtech startup
ecosystem. We aim to support breakthrough growth by promoting the
development and testing of innovations at the industrial level,
particularly through the Proof of Concept (POC) process, to elevate the
standards of future protein products to compete internationally. Thai
Union prioritizes the application of modern food production and
preservation technologies, covering everything from maintaining product
quality and freshness and developing appealing appearances to sensory
research to create textures and flavors that effectively meet the
demands of global consumers. Simultaneously, the SPACE-F program remains
committed to a 'No Equity Taken' approach, allowing startups to retain
full ownership of their innovations, maintain business agility, and grow
independently and sustainably in the long term."
Assoc. Prof. Dr. Pasit Pakawatpanurut, Deputy Dean for Research and Innovation, Faculty of Science, Mahidol University,
further added,
"With expertise in food science, nutrition, biotechnology, and
related fields, Mahidol University serves as an academic powerhouse and
innovation infrastructure, providing startups with access to advanced
laboratories, pilot plants, and modern research equipment. They also
receive in-depth consultation from a team of expert researchers to
successfully transition research into products that truly meet global
market demands (Lab-to-Market). This collaboration is therefore a key
mechanism in driving sustainable food innovation and enhancing
Thailand's competitiveness as a global foodtech hub. Mahidol
University's involvement in the SPACE-F program also plays a vital role
in strengthening the country's foodtech startup ecosystem in the long
run."
In addition, another key partner is
Thai Beverage Public Company Limited, which places great
importance on continuous research and development, believing it to be
essential for startups. As a sponsor of the SPACE-F program, they are
pleased to be part of an ecosystem that enhances the potential of
foodtech startups and provides business and technological guidance to
help startups discover solutions that truly meet the needs of the global
food market.
Ms. Jenica Conde Cruz, Business Manager – Cereal Partners Worldwide & Incubator at Nestlé (Thai) Ltd., also stated,
"Nestlé, a global leader in food and beverages, plays a vital role as
a strategic partner of the SPACE-F program. We aim to elevate foodtech
startups through the transfer of Research & Development (R&D)
knowledge and product development experience under the 'Good food, Good
life' concept. Nestlé also provides in-depth consultation to support the
development of products that meet Nutrition, Health, and Wellness
needs, while promoting the use of innovation to tackle global food
industry challenges. In parallel, Nestlé also drives the development of
innovations that align with sustainability goals by opening
opportunities for startups to learn together with experts from our
global research center network, in areas of food preservation
technology, eco-friendly packaging, and responsible sourcing."
Victor Chen, CEO of Foodland Ventures Co. closed with,
"Foodland Ventures, a leading Venture Capital firm and Accelerator
from Taiwan, has joined as a strategic partner in the SPACE-F program to
push foodtech startups to expand their businesses into international
markets. We aim to act as a bridge connecting innovation from Taiwan
with food industry networks in Thailand and Southeast Asia. With
expertise in key technologies such as Restaurant Automation, Alternative
Protein, and Smart Supply Chain, Foodland Ventures is ready to support
startups through access to the Taiwanese market and resources, providing
investment and business strategy consultation, and connecting them with
the industrial sector to test solutions in real-world environments.
This collaboration marks a significant step in building a 'FoodTech
Corridor' between Thailand and Taiwan to elevate startup potential and
drive the food industry toward a sustainable global future."
The "SPACE-F Year 7" program also introduced 20 startups from 10
countries worldwide: South Korea, Spain, Canada, USA/Argentina,
Australia, Singapore, UK, Saudi Arabia, Taiwan, and Thailand, selected
for this year's program. All will have the opportunity to co-develop and
test real innovations with leading industry partners, covering product
development, industrial-level testing, and commercialization in the real
market
Such collaboration is a key highlight of the program, providing startups
the opportunity to test technology and innovations in real-world
environments, reducing development limitations, and increasing the
chances of creating business models that accurately meet market demands.
10 FoodTech Startups Joining the Accelerator Program
-
Terra Bioindustries Inc (Canada): Upcycles agricultural and
food industry waste into high-value ingredients such as sugar, protein,
and fiber for use in the food, biotech, and chemical industries.
-
Nucaps (Spain): Develops functional protein ingredients using
microencapsulation technology to wrap active substances and probiotics,
enhancing nutritional value, reducing costs, and improving taste to
effectively promote consumer health.
-
BeNatureBioLab (South Korea): Develops functional ingredients
using nano and microencapsulation technology from natural proteins to
wrap active substances and probiotics, increasing the stability,
absorption, and efficiency of substances in food, supplements, and
health products.
-
Kinava (South Korea): Converts food waste into biofertilizer,
biochar, and biogas within hours using HydroThermal Carbonization (HTC)
technology, which reduces odor, energy use, and emissions.
-
ComexSoft (Spain): A near real-time market intelligence
platform that collects and organizes retail data, matching similar
products specifically developed for accurate decision-making.
-
PROTINOS (Thailand): High-protein noodles made from egg
whites and soybeans containing complete essential amino acids, created
using enzyme incubation techniques, serving as food to help care for and
protect health.
-
SicPama (South Korea): A QR ordering and payment platform
with a CRM system that links social media with actual service usage and
repeat visits, helping restaurants measure returns and increase revenue.
-
Nourish Ingredients (Australia): High-performance animal-free
fats created via precision fermentation to solve the taste and texture
issues of plant-based alternative foods by mimicking the key fats found
in meat and dairy products.
-
Kresko RNAtech (USA/Argentina): Nutrients from biological RNA
found in natural foods, developed by AI and biotechnology to be more
stable and better absorbed, for use in dietary supplements and health
products.
-
Agrifreeze (Singapore): Develops freezing technology using
Electromagnetic Fields (EMF) to control the formation of small ice
crystals, reducing food damage and maintaining quality close to fresh
products.
10 FoodTech Startups Joining the Incubator Program
-
Eatwellconcept (Thailand): An AI-powered personalized
therapeutic diet platform for NCD patients, offering real-time
nutritional guidance by dietitians to improve health and quality of
life.
-
AmaranthLab (UK): Protein ingredients from amaranth for GLP-1
(Glucagon-Like Peptide-1) nutrition to control blood sugar levels and
satiety, for use in various functional food products.
-
Openfarming (Saudi Arabia): An AI operating system for food
distributors that converts orders from multiple channels into real-time
data, enabling automated demand forecasting and dynamic inventory
management without changing existing workflows.
-
Zuppar Reborn (Thailand): Biodegradable fruit and bakery
stickers made from pineapple waste, replacing plastic labels with an
alternative that can decompose into fertilizer.
-
VeriPura (Thailand/Singapore): An AI and Blockchain platform
for automated document management and product traceability, making food
exports to Europe easier and more compliant with regulations (EU).
-
YiXingYuan (Taiwan): A modular small-scale fruit processing
factory (Factory-in-a-box) utilizing High Voltage Electric Field (HVEF)
technology to process fruits directly at the source, preserving product
quality while reducing energy use, costs, and spoilage.
-
JOLA (Thailand): Vitamin-infused jelly pet food that develops
DIY treat products, such as jellies for dogs and cats, focusing on
natural ingredients, good nutrition, and creating a shared experience
between owners and pets.
-
UPLI (UK): A precision fermentation platform to create
functional proteins with characteristics similar to human breast milk,
used to increase nutritional value in food at an industrial scale.
-
Emerald Plast (Thailand): Biodegradable food materials and
packaging made from starch and bioplastics to replace traditional
plastics, reducing environmental impact and enhancing sustainability
image.
-
Squizify (Thailand): A digital food safety platform
integrating software and IoT devices to automatically track, monitor,
and manage food business standards, complete with real-time data
analysis.
https://www.nia.or.th/