Thailand allocates more and more budget to innovation and research. Recently, Thailand Science Research and Innovation (TSRI) has collaborated with partner organizations to organize the “Triup Fair 2023”, which showcases the best of Thai innovation and research work.
Some 300 innovations and research papers with easy commercial application were exhibited. These works and innovations were classified into 3 broad categories, including “elevating the health of Thai people through the medical industry”, “advancing high-quality food and agriculture”, and “supporting net-zero greenhouse gas emission”.
The fair also offers the owners of innovations and research works a space to carry out commercial negotiations with those of the private sector. The latter were carried out by representatives of the Thai Board of Trade and the Federation of Thai Industries.
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Discussions and lectures on intellectual property and obtaining certification of innovations under Thai and foreign standards were also part of the main event. Advice on how to access research funds and on the relevant measures and regulations for different types of research and innovation was also offered at the fair. In addition, financial products were offered for companies wishing to expand.
TSRI President Sutthiphon Chitmittraphap stated that the Triup Fair not only helps link research efforts with the private sector, but also allows researchers to learn about the requirements of companies. This would allow researchers to be informed of issues that could give rise to innovations and research papers that match the demand of companies, which would allow them to receive funding.
The fair also offers the owners of innovations and research works a space to carry out commercial negotiations with those of the private sector.
FTI President Kriengkrai Thiennukul explained that innovations are the answer for Thailand and are seen as a turning point for the kingdom as the country’s traditional industries and services no longer respond to global demands. Furthermore, Thailand has become an aging society that needs to rely on innovations to unlock additional economic value and enable future competition.