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IDEA (Ideation Incentive Program)

Framework

Development of a prototype (Mockup) and a comprehensive business plan through incubation by TED Fellows certified by the Technology and Innovation-based Enterprise Development Fund (TED Fund).

Eligibility Criteria for Funding Applicants

  1. The project proposer must be a member of a TED Fellow certified by the TED Fund.
  2. The project team must consist of at least three Thai nationals (including the proposer) who are:
    • Current students in undergraduate, master’s, or doctoral programs, or
    • Recent graduates within the past five years (*applicants must have studied at institutions in Thailand).
  3. Project duration must not exceed six months.
  4. Funding covers 100% of eligible expenses, up to 100,000 THB.

Categories of Eligible Expenses for Support

  1. Expenses for preparing a business plan (up to 50,000 THB).
  2. Expenses for utilizing services from the entrepreneur development network.
  3. Expenses for prototype development.
  4. Expenses for analysis and testing.
  5. Expenses for market testing.
  6. Expenses for hiring consultants or experts.
Contact : bcd@nstda.or.th