Bangkok, F.T.I. joins hands with BAAC to push business innovation. Raise the level of competitiveness in the industrial sector
Mr. Kriengkrai Thiennukul, Chairman of the Federation of Thai Industries (F.T.I.), signed a memorandum of understanding for cooperation in implementing the project to develop and promote innovative businesses. To enhance competitiveness in the industrial sector with the Office of the National Higher Education, Science, Research and Innovation Policy Council By the Capital Administration and Management Unit for Increasing the Competitiveness of the Country (B.P.K.), led by Assoc. Prof. Dr. Thongchai Suwansichon, Director of B.P.K.
Mr. Kriengkrai said that under this cooperation, the two agencies will jointly select and support startups and innovative businesses with potential, with BAAC being the startup supporter. or enterprises of various sizes Where the Technology Readiness Level (TRL) is less than 7 and FTI will support startups. or enterprises of various sizes at the technology readiness level (TRL) less than 7, with various forms of budget support To create a project to support the creation of innovations of various sizes to be strong, have high potential, and be competitive. The ultimate goal is to support Thai startups and innovative businesses to grow sustainably.
Assoc. Prof. Dr. Thongchai Suwansichon, Director of BAPK, said that this cooperation will be an important mechanism for bringing innovation to support the business. To strengthen the competitiveness of the Thai industrial sector. and accelerate the growth of Thai startups together. Help strengthen the country's sustainable development of innovation-based businesses in the global value chain. as well as increasing the integrity of the country's innovation ecosystem.
Source: Thai News Agency