In August 2019, the Thailand Board of Investment (BOI) entered into an agreement with eight of the country’s leading universities, aiming to improve linkages between the academic and Manufacturing sectors.
The memorandum of understanding signed with Thailand’s Research University Network (RUN), a higher education alliance, covers knowledge and information sharing in the area of research and development between RUN member universities and industrial operators. The agreement will stimulate collaboration in private sector demand-driven R&D activities, co-operative education programs and high-skilled workforce recruitment.
The RUN alliance includes major universities such as Chulalongkorn University, Kasetsart University, Thammasat University, Mahidol University, and Chiang Mai University. “
Overall R&D expenditures are on the rise in Thailand and have doubled to 1% of GDP in the five years to 2017, according to official statistics. Thailand is targeting a further increase to 1.5% by 2021, as part of the Government’s Thailand 4.0 policy which aims to drive economic growth through innovation.
(Source: Thailand Board of Investment)