InVent, the venture capital arm of InTouch, plans to close at least two venture capital deals worth 40 million baht this year.
The company announced yesterday it completed a venture deal to acquire 30% of Meditech Solution, a local technology firm, for 5 million baht.
Suphajee Suthumphan, chairwoman for media and new business of InTouch, said the company is scheduled to sign venture deals with two local information technology firms this year after completing their due diligence.
"IT is one of four key sectors we are focusing on, including digital content, telecoms and media," she said.
Mrs Suphajee said InVent chose Meditech because the company has its own innovative technology to develop an eye-tracking communication system for the disabled. The system is specially developed for use with mobile phones.
Piyasak Bunkhomrat, managing director of Meditech, which started operations in February, said allying with InVent is likely to strengthen its business operations in both sales and marketing.
The 33-million mobile customer base of InTouch's mobile flagship Advanced Info Service (AIS) will also provide business opportunities to Meditech.
Meditech invented its eye-tracking system under the SenzE brand for paralysis, stroke and amyotrophic lateral sclerosis patients who cannot communicate via writing or speech.
In Thailand, there are at least 900,000 paralysed patients.
Mr Piyasak said the company is on the verge of applying the eye-tracking system for use with mobile phones.
Meditech expects to sell 100 sets of the eye-tracking system this year, priced at 180,000 baht a set, compared to 300,000 baht for US or Swedish-made products. Target users are private hospitals and wealthy patients.
"We aim to list on the Market for Alternative Investment in three to four years to raise funds for expanding business to Asean," he said.
About the author
- Writer: Suchit Leesa-nguansuk
Position: Senior Reporter