Siri Ventures is competing in the real estate sector by investing in innovations aimed at enhancing business value <\/strong>while searching for high-potential startups to soar onto the global stage <\/strong>at the innovation hub <\/strong>Silicon Valley. <\/strong>Continuing its mission to invest consistently to create immense business value, the company focuses on developing innovations for real estate and housing comprehensively, announcing itself as a <\/strong>"Global Connecting Platform" <\/strong>with proven success in technology investments such as Wind Turbine technology for generating electricity in residential areas, the first of its kind in Thailand, and SAN:DEE Delivery Bot, a high-tech delivery robot that brings goods to residents' doorsteps.

       “Siri Ventures<\/span><\/strong>” (SIRI VENTURES) is a joint venture between Sansiri and Siam Commercial Bank, making it Thailand's first comprehensive Prop Tech research and investment firm. It reinforces the organization's mission to invest in startups and develop innovations to fulfill the perfect living experience, “Complete Your Living Experience”<\/span><\/strong>. It also serves as a revenue source for Sansiri through the increased business value of the startups in which Siri Ventures invests. The company continues its role as a “Global Connecting Platform”<\/span><\/strong>, linking Thai businesses to the global stage and seeking high-potential Prop Tech startups at the TechSauce Global Summit 2018 to invest as business partners, creating and expanding business networks without limits, including opportunities to pitch business plans to global investors in Silicon Valley, the world's technology and innovation development center. Additionally, it collaborates with the global startup network Plug and Play to strengthen opportunities and growth for Thai Prop Tech innovations in the global competition.

       Mr. Jirapat Janjerdsuk, Chief Technology Officer of Siri Ventures, stated, “According to the latest government policy to promote Thailand as a Startup Hub in the Asia region with the concept of Open Innovation Nation, there are still challenges in developing an ecosystem conducive to the growth of startups, which requires support from all sectors. Siri Ventures, as a leader from the private sector, is ready to support this initiative by promoting the development of Prop Tech in Thailand and supporting Sansiri's core mission to enhance the living experience (Complete Your Living Experience). Today, Siri Ventures is launching its first search for Prop Tech startups to select 20 high-potential teams at the TechSauce Global Summit 2018, where Siri Ventures will support the sole winner in presenting their business plan to global investors in the fourth quarter at Silicon Valley, a key global technology hub that can propel potential innovations without limits. We will also continue our collaboration with the global startup network Plug and Play, one of the fastest-growing venture capital firms in Silicon Valley, which has been behind the success of various companies such as Danger, Dropbox, Lending Club, PayPal, Soundhound, and Zoosk. This aims to connect Sansiri and startups with potential investors and organizations worldwide, providing support in terms of advice, knowledge, and sharing experiences with Thai startups, marking a significant step in linking Thai Prop Tech businesses to global competition and strengthening the Prop Tech startup ecosystem in Thailand.”

<\/p>

       The latest startup that Siri Ventures has invested in is Semtive, which develops Wind Turbine technology to convert wind energy into electricity without requiring strong winds like a Wind Farm. It can be used in limited urban spaces, such as rooftops of houses or condominiums, with an investment of over 15 million baht. This represents a development in Living Tech, an innovation for living that helps save energy, is safe, and environmentally friendly, featuring an intelligent system that allows residents to control electricity usage and reduce energy costs while promoting shared electricity usage within the community. This technology is expected to be operational in Sansiri's pilot project by the third quarter of 2018.  

       Siri Ventures <\/strong>will be accepting applications from startup teams to join the SIRI VENTURES Global Connection Platform<\/strong> on the website www.siriventurespitching.com until June 18, 2018.<\/span><\/strong> Siri Ventures will select the final 20 high-potential startup teams to present their business plans at the TechSauce Global Summit 2018 from June 22 to 23, 2018, at Centara Grand at CentralWorld.<\/span><\/strong> This event will also feature a special panel discussion on global Prop Tech trends with speakers from Siri Ventures, Plug and Play, and SOSA discussing collaboration strategies, successful business case studies, and presenting life-enhancing technology innovations from Siri LifeTech, such as the SAN:DEE Delivery Bot, a high-tech delivery robot, Wind Turbine technology for generating electricity in residences, and a Home Service App with Thai voice command functionality.

       The mission to seek high-potential startups to join the SIRI VENTURES Connection Platform<\/strong> is part of Siri Ventures' three-year strategic plan with a total budget of 1.5 billion baht, focusing on three areas: investing in startups, collaborating to create an ecosystem for startups with networks from various fields worldwide, and developing innovations for real estate and housing to bring them to fruition in business. The goal is to establish networks with at least 200 new Prop Tech innovators by 2020.

Thank you for the information from www.sansiri.com<\/a><\/p>