The goal is for the hub to support the ecosystem for the country's startups.
Permanent secretary Somchai Sujjapongse said the government aimed to make Thailand the start-up creation centre for the region and, to accelerate progress towards achieving this vision, it had set up a National Start-up Committee, as well as a venture-capital fund with initial funding of Bt3 billion.
Somchai is chairman of the committee, while the Vayupak Fund and Krungthai Bank are in charge of the fund.
Start-ups will also be exempted from income tax for their first five years in operation, he said.
Even though Thailand has commenced a start-up project later than those established in neighbouring countries, the government believes things will now move rapidly because government agencies are jointly giving assistance to the start-up sector, he said.