Ministry-led B5bn venture capital fund moves aheadThe Industry Ministry and two other government bodies will discuss a proposal to form a 5-billion-baht venture capital fund to support industries struggling as a result of the coronavirus pandemic. The capital fund expects to support all industries and businesses of all sizes affected by the pandemic. The National Economic and Social Development Council (NESDC) and the Finance Ministry will partner with the Industry Ministry on the fund. "The Industry Ministry expects to talk with the NESDC and the Finance Ministry about the venture capital fund within the next week," Mr Suriya said. The Industry Ministry is confident the two partners will approve a 400-billion-baht relief package, part of which will be used for the venture capital fund.

Source: Bangkok Post May 29, 2020 00:33 UTC