Bangkok Bank is proud of the success of the “Green Innovative Solutions Startup Pitching” event and announces three winning startups in green innovation, paving the way for Thailand to a low-carbon economy while being a ‘ trusted partner’ that supports entrepreneurs in adapting to sustainable growth.
March 17, 2025
Bangkok Bank is proud of the success of the “Green Innovative Solutions” event, platform for green innovation startups to showcase their potential and connect with business opportunities. The event also announced the three winning startups with the best Green Projects to present their work on stage at “The Great Green Transition” seminar which was attended by over 700 businesspeople from various industries. The Bank believes that this event has opened doors of opportunity and is proud to be a part of driving Thailand towards a low-carbon economy while reinforcing its role as a ‘trusted partner and reliable close friend’ that supports entrepreneurs to grow together sustainably.
Bangkok Bank Executive Director Dr. Pichet Durongkaveroj said that: As a leading regional bank, Bangkok Bank organized the “Green Innovative Solutions Startup Pitching” event to create a network of entrepreneurs who wish to adapt and find ways to expand their businesses for future growth. The event prioritizes sustainability and ESG principles, taking into account environmental, social, and governance factors while contributing to Thailand’s transition to a low-carbon economy. The Bank invited startups and companies with environmental innovations to compete by presenting their products and services at the “Green Innovative Solutions Startup Pitching” event. The aim is to support startups in Thailand by providing opportunities for business expansion with entrepreneurs, who are the Bank’s customers. The event attracted interest from 44 leading Thai startups who applied to join, all of whom have expertise and innovations to promote the transition to green business. Which can help the business sector adapt to stricter, more environmentally friendly global trade regulations.
The panel of judges, representing Bangkok Bank and InnoSpace (Thailand) Co., Ltd., jointly considered the contestants based on the criteria in 4 areas: 1. Business Impact, 2. Technical Competence, 3. Sustainability Impact, and 4. Scalability. They selected 10 startups with environmental innovation development projects to exhibit their products and services at The Great Green Transition seminar and selected the three most outstanding startups to present their products and approaches to driving environmentally friendly businesses on stage at “The Great Green Transition” seminar. The aim is to create a network of entrepreneurs who wish to adapt and find ways to expand their businesses for future growth, prioritizing sustainability and ESG principles that take into account environmental, social and governance factors, while being a part of driving Thailand’s transition towards a low-carbon economy.
The three startups with the most outstanding green innovations that won and received cash prizes from the Bank are as follows:
The first prize, along with the cash reward of 100,000 baht goes to AltoTech Global, a company specializes in energy management in buildings. The company has developed an intelligent energy control system using IoT and AI to control energy consumption according to the environment of each building.
The joint second place with a cash reward of 50,000 baht each goes to PAC Regenerating Energy under PAC Corporation (Thailand). The company has developed innovative and energy saving water heaters and air conditioners which turn waste heat from air conditioners into electricity, saving 4-5 times as much energy compared to general systems and BioNext, a biotech company which has developed additives for food, pharmaceuticals, and cosmetics from food waste, using bio-cellulose technology to enhance water retention capabilities.
In addition, there were seven startup companies who featured their booths at the Great Green Transition seminar including:
- Papa Paper under Simply Décor Company Limited: a business focusing on sustainable materials turning agricultural waste into paper to reduce waste, burning and carbon emissions.
- T-Smart under TIE Smart Solutions Company Limited: a business focusing on implementing AIoT to reduce energy consumption of the HVAC system through the AIoT controller.
- Videnvaren+ under Bangkokphraiya Group Company Limited: a business focusing on environmentally friendly building materials with an interlocking passive brick solution.
- Zeroboard (Thailand) Company Limited: a platform for sustainability management through ESG related data collection, calculation and accurate reporting to help businesses easily manage their sustainability efforts.
- Carbon Crunch : a startup focusing on innovating animal feed to help reduce greenhouse gas emissions. They are currently developing their business idea from a project by students from Srinakarinwirot University.
- Smart Hybrid Aerator under Smart Hybrid Aeration System Company Limited: an innovation company that has developed a system to lower energy consumption during wastewater treatment.
- Rewastec Company Limited: a company focusing on transforming plastic waste and agricultural residues into new value-added products such as plastic pellets and composite ropes.
"Throughout the years, the Bank has been part of promoting the building of networks to share experiences, knowledge, opportunities, and innovations. The Great Green Transition project aims to provide a platform for startup networks with potential innovations to present their projects to entrepreneurs seeking innovative solutions to enhance their operational efficiency while transitioning towards a low-carbon economy, which is the new direction for the future world. The Bank intends to continue these projects to emphasize its commitment to being a ‘trusted partner and reliable close friend’ ready to support the growth of entrepreneurs, enabling them to move forward confidently and adapt to ongoing challenges,” said Dr. Pichet.
The Great Green Transition seminar will be held on Friday, March 28, 2025, at Siam Kempinski Hotel Bangkok. Participants can view presentations from 10 startups and receive innovative green ideas from the 3 winning startups. Participants will also get updates on the global climate change situation, related trade laws and regulations, business survival strategies through green innovation, and adaptation for strong and sustainable survival in the face of global climate change. Experts and senior executives from leading private companies in Thailand will present as follows:
- Special lecture on "Global Boiling and Its Impact on Thailand" by Mr. Phirun Saiyasitpanich, Director General Department of Climate Change and Environment.
- Special lecture on "Green Innovation: The Path to Survival for Thai Businesses" by Mr. Tim McCaffery, Global Investment Director, Siam Cement Group Public Company Limited.
- Panel discussion on "The Great Green Transition: How Businesses Must Adapt?" By:
- Mr. Peerapong Krinchai, Executive Vice President - Central Engineering, Charoen Pokphand Foods Public Company Limited.
- Mrs. Gloyta Nathalang, Senior Executive Vice President, Sustainability Management and Corporate Communications, Bangchak Corporation Public Company Limited.
- Mr. Mongkol Tangsiriwich, President overseeing Thailand, Laos, and Myanmar Schneider Electric (Thailand) Company Limited.
- Moderated by Mr. Kobsak Pootrakool, Senior Executive Vice President and Corporate Secretary, Bangkok Bank Public Company Limited.
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