Asia Business Channel

Thailand wants to rank as a “Top 30” innovative country by 2030

 

Thailand’s National Innovation Agency (NIA) has set a goal for Thailand to rank in the “Top 30” of the Global Innovation Index by 2030 through the branding “Innovation Nation” along with a creation of 3,000 international innovation-based firms.

NIA outlined its vision for 2020-30 while celebrating its 10-year anniversary as a public organization. Pun-Arj Chairatana, NIA executive director said that the NIA has set a goal for Thailand to rank in the “Top 30” of the Global Innovation Index by 2030, moving up from 44th position this year.

The NIA’s goal is to have at least 3,000 international innovation-based firms of all sizes work together, and to make Thailand a landing and launching pad for overseas companies. A recent report found that Thailand has 3 million registered firms, but a number of those who have innovation to go for overseas market is very small.

Mr. Pun-Arj said that: “We hope to have 0.1% or 3,000 of them to be international innovation-based companies.” To achieve this goal, Thailand needs to create the “Innovation Nation” branding and develop innovation cities and ecosystems that support innovation.

The NIA has said that it will sign memorandum of understanding with the Foreign Ministry on innovation diplomacy for overseas market expansion. The agency will more focus on decentralization innovation in the regional areas, cities and communities that are area-based innovation and also do the prediction through the Foresight Innovation Institute.

NIA said that it will focus efforts on the innovation ecosystem and innovation fund with 80% focus on the ecosystem, instead of its previous model that 80% of efforts are for the funding of activities.

In the past year, NIA has supported 193 projects, 17 of them are innovation centric projects while 176 projects are open innovation projects. 39 of the 193 projects are for innovations in social enterprise that focus on promoting community and social sustainability.

 

 

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