ASEAN KEY DESTINATIONS
J.P. Morgan partners with Thammasat University to launch “Developing Youth Social Entrepreneurs & Rural Micro Entrepreneurs” initiative
Program to create 400 community-based entrepreneurs supported by public and private sectors
Bangkok, April 8, 2014 – J.P. Morgan and the JPMorgan Chase Foundation, in partnership with Thammasat University, Thailand’s second oldest university, today announced the launch of a development program that is aimed at encouraging city youth to become social entrepreneurs as well as strengthening businesses in rural communities.
The “Developing Youth Social Entrepreneurs & Rural Micro Entrepreneurs” initiative, which is strongly supported by a range of public and private sector organizations, aims to improve entrepreneurial capabilities within three groups of people: new start-up entrepreneurs in rural areas; those in rural areas that are interested in starting new businesses but lack experience and skills; and finally, city youth with an interest in becoming social entrepreneurs. As part of the program, three of Thammasat University’s specialized institutes, the Human Resources Institute, the School of Global Studies and the Institute of Business Incubator will provide guidance and expertise to support the program and ultimately help develop 400 community-based entrepreneurs by next year.
According to Associate Professor Witaya Danthamrongkul, Thammasat University’s Human Resources Institute’s Deputy Director, the initiative will improve the quality of life for those people in lower income communities by enabling them to earn a living in a sustainable and entrepreneurial environment. He added that the deep collaboration between the private and public sectors on this initiative is a first for Thailand.
“Apart from Thammasat’s three key institutes, we have expanded our alliances to cover several public and private sector organizations so as to create a network of mutual support and ensure the project’s success. We are delighted that these organizations, along with our key partner on this new and exciting program, J.P. Morgan, will be playing important roles in supporting many communities throughout Thailand,” said Associate Professor Witaya Danthamrongkul.
“We are honored to partner with Thammasat University in helping build strong and sustainable communities and creating a network of social entrepreneurs amongst Thailand’s youth and across many rural communities. We are confident that this project will equip them with the necessary business experience and skills to lead them towards a successful and sustainable future,” said M.L. Chayotid Kridakon, Senior Country Officer, Thailand, J.P. Morgan.
Today’s announcement comes as J.P. Morgan celebrates its 50th year in Thailand, and reflects the bank’s deep commitment to supporting communities around the world. Each year, the firm and its Foundation give approximately $200 million to non-profit organizations around the world and lead volunteer service activities for employees in local communities, utilizing its many resources, including access to capital, strength, global reach and expertise.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
About Thammasat University
Founded in 1934, Thammasat University is Thailand’s second oldest university and one of the country’s most prestigious higher education institutions. Now, with more than 37,000 students and 6,800 faculty staff, Thammasat University offers more than 240 academic programs across 23 faculties and colleges located on four campuses. For more information, please visit www.tu.ac.th.
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