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Siri Ventures sets Bt1.5 bn for R&D

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Siri Ventures, a capital venture focusing on full-scale research and development of Property Technology (PropTech), a partnership with Sansiri and Siam Commercial Bank, has set aside a three-year investment budget of Bt1.5 billion to develop innovations for integration into everyday life in the digital age.

Uthai Uthaisangsuk, Chief Operating Officer of Sansiri Plc, said the investment plan includes the development of technology, co-investment with business partners and leading local and international startups.

Meanwhile, Jirapat Janjerdsak, Chief Technology Officer, Siri Ventures, said the current rapid technology disruption and consumer behavior post a big challenge for businesses, pushing them to learn and adjust to stay relevant in the changing environment. The success of Siri Venture’s technology advance in 2017 has paved way for the connection between Sansiri’s residents and innovative service providers. Its next step is to enhance business capability and introduce new customer experience through three approaches: startup investment, ecosystem partnership, as well as lab and development.



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