The National Innovation Agency (NIA) outlined a new strategy to bolster local startups and align them with global innovation demand. The strategy, Create the Dot — Connect the Dot — Value Creation, aims to increase the number of innovation-based enterprises (IBEs) and propel Thailand into the top 30 leading innovation nations by 2030.
NIA executive director Krithpaka Boonfueng highlighted the need to transform entrepreneurs into IBEs by providing them access to the necessary resources and infrastructure.
This initiative is expected to have a lasting impact on Thailand’s economic and social landscape. There are currently 2,100 startups in Thailand, 700 of which are in the pre-seed funding stage and 1,400 in the go-to-market and growth stage, reported Bangkok Post.
The strategy is based on a 2 reduce, 3 increase approach which aims to eliminate biases…
