Agency outlines 4 policies for an innovation nation

The National Innovation Agency (NIA) has highlighted four policies for this year as it seeks to transform Thailand into an innovation nation over the long term.

- KOMSAN TORTERMVASANA

The policies include promoting investment in innovative businesses, strengthening linkages across sectors, advancing development of regions and enhancing national competencies.

The first policy focuses on promoting investment in innovative businesses, offering a range of financial mechanisms including grants for early-stage ventures and co-investment schemes for growth-stage firms, such as corporate co-funding, public venture mechanisms, global investment link programmes and capital gains tax exemptions to support startup fundraising.

Second, the agency plans to emphasise innovation linkages, strengthening collaboration between academia and industry to translate research into real-world applications through acceleration programmes, innovation hubs, platforms, tax incentives and future mechanisms such as intellectual property financing.