Insights on the Tech Industry: Adapting to Trends in Sustainability, Startups, Cyber Security and Hiring Strategies

What role do startups play in driving innovation in the tech market, and how are established companies collaborating with or acquiring startups to stay competitive?

Collaborations between corporations and startups are on the rise globally. Startups seek corporate resources, markets, and support, while corporations strive for faster innovation. However, the success rate of these partnerships is varied, with only 28% of startups expressing satisfaction, according to Industry reports. Challenges include a lack of internal commitment, strategic clarity, slow processes, and difficulty in tracking impact.

In a more local context, Thailand's startup ecosystem has shown positive momentum, rising to 52nd globally in StartupBlink's 2023 Index. This improvement signals an environment that promotes innovation, and we can clearly see this trend by looking at the Tech start-up companies that we work with at Michael Page, where a very large portion of these companies are indeed backed by large corporate or investment firms.

Collaborations between corporations and startups are on the rise globally. Startups seek corporate resources, markets, and support, while corporations strive for faster innovation. However, the success rate of these partnerships is varied, with only 28% of startups expressing satisfaction, according to Industry reports. Challenges include a lack of internal commitment, strategic clarity, slow processes, and difficulty in tracking impact.

In a more local context, Thailand's startup ecosystem has shown positive momentum, rising to 52nd globally in StartupBlink's 2023 Index. This improvement signals an environment that promotes innovation, and we can clearly see this trend by looking at the Tech start-up companies that we work with at Michael Page, where a very large portion of these companies are indeed backed by large corporate or investment firms.