Zest
ThailandThailand-Japan Fast Track
Pitch Event

7th Aug 2023

09.00-17.00

Carlton Hotel Bangkok Sukhumvit & ZOOM Webinar

Agenda
08.30
09.00

REGISTRATIONOPENING REMARKS• Mr. NISHIMURA Yasutoshi (VDO Message)

11.40
13.00

7 Challenge Owners
17 Finalist Startups

Minister of Economy Tradeand Industry of Japan• Mr. Kulit Sombatsiri
Permanent Secretary of the Ministry of Energy• Mr. NASHIDA Kazuya
Ambassador of Japan to Thailand• Dr. Buranin Rattanasombat
Chief New Business and Infrastructure Officer of
PTT Public Company Limited

09.35

SIAM KUBOTA Corporation Co., Ltd.
Creating AGRI-TECH and FARM-TECH
that will enhance the better Thai
agricultural sector

KEYNOTE SPEECH
Mr. KURODA Jun
President, JETRO Bangkok
Mr. ISHIKAWA Hiroshi
Executive Director, JETRO and Special Advisor to
the Minister, Ministry of Economy, Trade and Industry of Japan

09.50

LUNCH
STARTUPS PITCHPTT Public Company Limited
Digitalization thru AI/Robotics
and Transitioning to BCG(Bio-Circular-Green Economy)

KEYNOTE SPEECH
Mr. Narit Therdsteerasukdi
Secretary General, Thailand Board of Investment (BOI)

10.00

PTT Exploration and Production
Public Company Limited

PANEL DISCUSSION 1
Carbon neutrality focused on“Community and Lifestyle”

10.45
10.55

Collaboration towards a Net Zero
Greenhouse Gas Emissions Future

Mitsubishi company(Thailand)Thai-Nichi
Institute of Technology

PTT Oil and Retail Business
Public Company Limited

ARUN PLUS Co., Ltd.

Ajinomoto Co., (Thailand) Ltd.
Novel approaches to reduce
environmental impact infood industry in Thailand

Uni.Charm (Thailand) Co.,Ltd.
Improving QOL during
menstruation for Thai women

BREAK
PANEL DISCUSSION 2
Carbon neutrality focused on“Product lifecycle / Manufacturing industry”

IRPC Public Company Limited
Pursuing Advanced Materials
and Energy through Sustainability

DENSO International
Asia Co.,Ltd.

PTT Global Chemical
Public Company Limited

NMB-Minebea Thai Ltd.
Establishment of the Smart City
Solution Business Model

Thai Oil PublicCompany Limited

Global Power Synergy
Public Company Limited

17.00

CLOSING AND NETWORKING

For more information, please contact
Zest_Thailand@jetro.go.jp or coordinator01@mediator.co.th (event organizer)

Finalist Startups
Challenge Owner ID
SIAM KUBOTA
Corporation

PTT Group

PTT EP&
VarunaUnicharm
Corporation

Startup Name

1 Durio Innovation Co.,Ltd.

Country
Thailand2 Intello Labs Pvt. Ltd.

India

3 HedgeSPA Limited

Singapore4 AccuPredict Services Pte Ltd

Singapore

5 TBM Co., Ltd.

Japan

6 sustainacraft, Inc.

Japan

7 Sagri Co., LtdJapan

8 VEKIN (Thailand) Co.,Ltd.

Thailand

9 Talk to PEACH

Thailand10 FEMENOVA MEDICAL HEALTH SERVICES

Philippines

11 Liclass Education co.,ltd.

Thailand12 Algal Bio Co.,Ltd.

Japan

IRPC Public
13 Emulsion Flow Technologies Ltd.
Company Limited
14 AC Biode15 unerry, Inc

MinebeaMitsumi 16 Neural Group (Thailand) Co., Ltd.
VCONNEX INDUSTRIAL TECHNOLOGY
17
J.S.C

Japan
Japan
Japan
Thailand
VietnamPlease refer to the following pages for a more detailed
introduction of each startup

1Finalist Startups
Challenge Owner: SIAM KUBOTA Corporation
ID

Startup

Durio
1 Innovation
Co.,Ltd.

2

Intello Labs
Pvt. Ltd.

Business Description

Country"Thailand is the world's top exporter of durians. Southeast
Asia is known for growing this fruit since durian is one of thecommercial crops there that has less control but is very
competitive. The operational management is still
conventional and ad hoc, which results in enormous losses
for the sector. Durio is a startup that employs technology toaddress the problems that this sector faces.Our invention is Thailand
divided into Farm-Tech and Agri-Tech innovation. We havean innovative approach for minimizing pest outbreaks indurian plantations, as well as a system for making decisions
that will help farmers grow durian more successfully. For
exporters, we offer an AI-based quality control system and a
GS1-compliant traceability system that uses both RFID and
QR codes to monitor individual durians. ""Intello Labs is a pioneering company in the field of postharvest sorting and grading, revolutionising the way produce
is evaluated. We specialise in developing cutting-edge
technology solutions that enable accurate and efficientsorting and grading processes for fruits and vegetables. Our
state-of-the-art machines leverage advanced Artificial
Intelligence based computer vision and machine learningalgorithms to provide unparalleled precision and consistency
in assessing fruit quality.At Intello Labs, we understand thechallenges faced by agriculture producers and distributors inensuring consistent quality control throughout the supply
chain. To address this, we offer our high-performance sortingIndia
and grading machines on rent. This flexible rental option
allows businesses to access our innovative technology
without the upfront costs associated with ownership,
making it more accessible and cost-effective.Our machines
are equipped with an intuitive user interface, allowing
operators to easily customise sorting parameters based on
specific requirements. With our technology, businesses canenhance their efficiency, reduce waste, and deliver topquality produce to the market. The data-driven insights
provided by our machines also enable businesses tooptimise their operations, identify trends, and makeinformed decisions to maximise profitability."2

Finalist Startups
Challenge Owner: PTT Group (1)ID

StartupBusiness Description

Country

HedgeSPA is a boutique offering highly-sophisticated investment
solutions, founded by former finance professor Dr. Bernard Lee. Asan award-winning former Managing Director at BlackRock, Dr. Lee
has built multi-asset functionalities on BlackRock's Aladdin
platform based on his own background IP. The analytics also
managed BlackRock’s energy assets overseen by Dr. Lee. He wasthen funded by the Singapore Prime Minister's Office to foundHedgeSPA and rebuild the analytics platform from scratch to offer
the following services: 1) Investment analytics engine, sold as API,
HedgeSPA Enterprise Solution, and Terminals, with distributors in the US,
Europe, and Asia, including AWS. 2) AI-assisted public market
3
Singapore
Limited investments, in particular, a "virtual family office" offering for
UHNW investors across Asia, in collaboration with institutions suchas Citi Private Bank. 3) Private investment projects (primarily
renewable energy related) leading to asset tokenization, leveraging
Mr. Lee's track record at BlackRock and his experience running
projects for energy majors such as Chevron Texaco. HedgeSPA is a
serial award winner (Singapore, Hong Kong, Japan, Europe) and has
been mentioned by the likes of BBC, Forbes, and the Nikkei. We
believe that HedgeSPA can be an exciting partner to PTT, given its
impressive track record and expertise in the energy field.
"AccuPredict is an innovative Singapore based service provider. Our
mission is to help customers around the world reduce their energy
footprint and enhance machine reliability. We monitor equipment
vibrations from a remote location by installing sensors at criticallocations. Our unique methodology of analyzing vibration relies on
Machine Fundamentals supplemented by Machine Learning. This
provides a significant customer benefit versus competing solutions
built on pure Machine Learning. Analysis of vibration spectrum
AccuPredi enables us to predict emerging failures months ahead ofoccurrence & enable timely action. Our predictions start from Day
4 ct Services 1 after sensors are installed unlike competing solutions. Accurate Singapore
Pte Ltd
prediction enables reduced staffing and skill levels. Loweredmachine vibrations levels reduce energy wastage. It also improvesinternal contacts in electric motors and thereby improves theirenergy efficiency. Our solution works for machines of all types of
motions, power range and RPMs. We invite prospective customers
to test our solution using a ONE MINUTE vibration signal from any
sensor on their machines. We provide our analysis within 24 hours.
We offer a MONEY BACK guarantee if we are unable to deliver ameaningful improvement in only 12 weeks."
3

Finalist Startups
Challenge Owner: PTT Group (2)ID

StartupBusiness Description

TBM Corporation is a leading company in the fieldof sustainable materials and solutions, dedicated topromoting a circular economy and reducing
environmental impact. TBM strives to revolutionize
industries by offering innovative and eco-friendly
alternatives to traditional materials.
Our core mission is to develop and commercialize
sustainable materials that can replace conventional
ones, contributing to a more sustainable andresponsible future. Through extensive research anddevelopment, we have created a diverse portfolio
5 TBM Co., Ltd.
of materials, including recycled plastics,
biodegradable polymers, and renewable resources.
One of our key strengths lies in our global
presence. TBM has established strategic
partnerships and collaborations in various regions
around the world, enabling us to tap into diverse
markets and leverage local expertise. We actively
engage with local communities, governments, andbusinesses to drive the adoption of sustainable
practices and foster a circular economy on a global
scale.

CountryJapan

4Finalist Startups
Challenge Owner: PTT EP&Varuna (1)ID

StartupBusiness Description"Our mission is to promote sound climate financing
mechanisms for natural capital. We provide the platform
to enables many stakeholders in the carbon market toengage in an open and transparent dialogue for a nature
positive environment. In our Nature-based Voluntary
Carbon Credit Evaluation services, by combining remotesensing and causal inference technology, our service aims
to enhance the transparency of carbon initiatives throughan easy-to-understand visualization of the effects of both
the reduction and absorption of greenhouse gas
emissions in projects pertaining to afforestation orsustainacraft, conservation of forests and peatlands. This enables highly
6
accurate information to be provided at the early stages ofInc.
considering investments and credit purchases, such as
how much emission reductions can be expected fromindividual projects and what risks are involved. We coverboth already issued credits and early phase projects,
meaning the projects have not issued any credits or evennot registered in the registry. Our strength lies in (1)research activities on remote sensing and causal inference(our academic paper got the best award in one of the top
machine learning conferences; NeurIPS 2022), and (2)rule-making (selected as a TNFD data catalyst initiative,
initiated a working group under Japan’s GX-league, etc.)"

CountryJapan

5Finalist Startups
Challenge Owner: PTT EP&Varuna (2)ID Startup

7

Sagri Co.,Ltd

Business Description

Country"Sagri is a climate tech startup from Gifu University in Japanthat provides farmland analysis based on patented AI
technology from remote sensing information. The company has
already generated revenue in Japan and India and is currently
conducting PoC in Thailand, Vietnam, and Kenya. The maintechnologies include (1) AI Polygon, a patented technology thatenables automatic mapping of farmland by analyzing satellite
data with AI imaging technology. (2) Soil analysis using satellite
data wavelength data and AI machine learning to provide
highly accurate soil chemical indicators such as carbon,
nitrogen, and CEC. Using these two technologies, Sagri works
Japanwith agriculture-related companies in various countries,
including Agri-Tech, to help realize climate-smart agriculture.
Sagri's technology can also identify the optimal amount of
fertilizer for each parcel of farmland, providing an incentive forfarmers to reduce chemical fertilizers, and facilitating thecreation of voluntary carbon credits, since reducing chemicalfertilizers contributes to the reduction of GHG emissions. The
technology has been used in India and Thailand, and Sagri has
already submitted documentation to Verra, seeking carbon
credit certification. In Thailand, Sagri is partnering withKasetsart University for this project."

VEKIN is at the forefront of leveraging cutting-edge deep
technology solutions for sustainability and owns patented
digital MRV (monitoring, reporting, verification) technologies.
By providing accurate data, advanced analytics, and a userfriendly platform, VEKIN empower stakeholders to make
VEKIN
informed decisions, mitigate climate change, and create a more
8 (Thailand)
Thailandsustainable future.
Co.,Ltd.
Our mission is to empower organizations to track, report, andverify their sustainability efforts with transparency andefficiency. By leveraging artificial intelligence, blockchain, andadvanced data analytics, we offer comprehensive and scalable
solutions.
6Finalist Startups
Challenge Owner: Unicharm Corporation
ID

StartupBusiness Description
Country
Talk to PEACH is more than just a telemedicine application thatallows you to talk to doctors and sexologists anonymously – it'sa safe space where you can be your authentic self and explore
your sexuality without judgment or shame. Our mission is toempower individuals to embrace their sexual well-being, break
down stigmas, and promote a healthier, happier, and more
Talk tofulfilling life. We believe that everyone deserves access toThailand9
PEACH
reliable and compassionate sexual health care, and that's why
we're committed to making Talk to PEACH available to as many
people as possible. Join us in our mission to revolutionize sexual
health care and make the world a more accepting and loving
place, one conversation at a time. Download Talk to PEACH
today and let's start talking!
"The FEMENOVA healthcare startup is aimed to elevate
women’s healthcare experience through technology that
includes providing education to women on menstrual healthand normalizing discussion of topics on sexual and reproductive
health. Our mission is to empower young individuals by
equipping them with accurate and comprehensive knowledge
about their reproductive health in a manner that is accessible,
relatable, and engaging. FEMENOVA is designed to assist
women with their reproductive health journey providing aconcierge for women to answer their queries in real-time with a
FEMENOVA knowledge base and cater to the local language with AI
MEDICAL technology, providing 24/7 Assistance for basic reproductive
Philippines
10
health information. We will provide content modules containing
HEALTHSERVICES self-learning articles on reproductive health and provide
systems for peer support and guidance. It also includes acentralized digital system/ messaging for healthcare providers
to share records and treatment plans with patients.The
FEMENOVA startup is developing solutions in reproductive
health that involve current innovations to fill the gaps inaccessing sex education, childbirth services, and the need forcontraception to provide these commodities and exercise
reproductive health rights. We are developing a user-friendly
web-based and mobile application for Sexual and Reproductive
Health (SRH) catering to young women. "Liclass
NockAcademy is online live-streaming learning system for
11 Education elementary to Junior high school students in Thailand.
co.,ltd.

7

ThailandFinalist Startups
Challenge Owner: IRPC Public Company Limited
ID

StartupBusiness Description

Count
ry

"""There is not enough earth"" - Ongoing consumption of rapidly
depleting natural resources continues to threaten the environment.
Algal Bio aims to create ""circular"" society through the substantial
application of algae to society and pass on a healthy environment for the
future generation. In particular, we will work on three major global
issues: increasing health consciousness x food crisis x global warming.
Algal Bio Combining different technologies and know-how such as an intensive
algae strain library multiplied with diverse screening and cultivating
Japan
12Co.,Ltd.
technologies, we have built a very unique algae bio-foundry platform forapplying algae in all industries and applications. This solution is entirely
different from what current algae companies offer, as their businessmodel is ""product push"" approach that develop products from a
species of algae. Our ""market-in"" business model is a complex
combination of IP and trade secret/know-how, so it is very unique evenon a global scale."
Emulsion Flow Technologies Co., Ltd. (EFT) is a start-up company fromthe Japan Atomic Energy Agency established in April 2021 based on thephilosophy of “Lead Our Limited RARE METAL to the FUTURE”. With the
new solvent extraction technology Emulsion Flow as our driving force,
we are passionate about using this one-and-only technology developed
from research on nuclear energy, as a way to solve social issues. Rare
Emulsion metals are important metal elements that will support future society
Flowwhere everything will be electrified. However, rare metals are facing aJapan
13Technologi supply shortage. For example, as stated in the major articles or media
coverage, supply shortages of rare metals such as cobalt, nickel, andes Ltd.
lithium, which are found in lithium-ion batteries, will become apparent
from around 2025. Emulsion Flow is a solution to implement rare metal
recycling for social use. As we, EFT, contribute to the shift from linear tocircular economy ensuring the sustainable use of urban mine resources,
we are accelerating our actions to realize the transformation of society
with this Emulsion Flow Technology.
Pyrolysis is used for those plastics that cannot be mechanically recycled.
It thermally degrades plastics at high temperatures within an inert
atmosphere, converting waste plastics into energy in the form of solid,
liquid, or gaseous fuels. High operating costs and low quality output
products currently limit the use of this technology. Our long-lastingJapan
14 AC Biode machines are designed for low maintenance. Compared to current
technologies Pyrolyst produces more and higher quality fuels, featurescontinuous residue discharge and dechlorination at only 420°C.
Compared to rotary kiln type pyrolysis, our system is more efficient,more compact, and produces a higher grade of oil. Lower OPEX leadsalso to higher profit margins.
8Finalist Startups
Challenge Owner: MinebeaMitsumi
ID Startup

Business Description
Country
unerry takes big data from real world outings, from GPS data to
15unerry, Inc Beacons and IoT, then analyzes the data with our AI & algorithms toJapandiscover insights and patterns for customers.
Neural Group, a leading AI image recognition company wasestablished in Tokyo in 2018.We provide original AI camera analysis
services which contribute to solving various social issues in cities andindustries by combining our proprietary AI library and converting datasuch as the dynamics of people and vehicles in real space.We have an
in-house engineering team with 29 innovative patenttechnologies.Our services focus on anonymous analysis that mainly do
not identify privacy information and capture the flow and movement
Neuralof objects with Real time Edge AI computing technology.Edge AI
Groupanalysis enables smart cities by analyzing image data on-sight and only
16
Thailand(Thailand) transmits meta-data to our analysis platform, which strongly enforce
Co., Ltd. protection of privacy information.By Linking AI analysis data with city
data platforms, digital signages, or webpages, we provide convenientexperiences to all the people who live in the town.We have obtained
stable operating experience through more than 50 projects all overJapan, including places with severe outdoor environments, and ourown monitoring systems and anomaly detection systems make thispossible.By Neural AI solutions, we aim to eliminate waiting time froma city and encourage the people to encounter convenient
information.
In 2012, as a member unit of the Vietnam National Post andTelecommunications Group, we dedicated our first six years to thedevelopment and research of an internationally standardized
OneM2M IoT platform, serving smart factories, intelligent agriculture,and smart cities. In 2019, we separated from VNPT to become an
independent private enterprise and aggressively applied our Vconnex
IoT Platform across a range of verticals, particularly in the smart home
VCONNEX
sector in Vietnam.Today, after over a decade of growth and
INDUSTRIA
development, we are supremely confident in our ability to research,
17 L
Vietnamdevelop, and manufacture IoT devices, holding a relatively strong
TECHNOLO
position in the Vietnamese market in this field.Building upon our IoT
GY J.S.C
foundation, every device and solution we provide boasts hightechnology content, systematicity, and long-term developmental
sustainability. We always envision a crystal-clear picture of the future
where everything can be easily connected in real-time. Whether
you're transforming your home or your business, our solutions ensure
seamless integration and functionality for years to come. Trust us tobring the future of connectivity to you today.
9