The 12th edition of the U.S. Chamber’s International IP Index is a comprehensive assessment of the world’s intellectual property frameworks. It shows the power of smart policies to foster innovation, creativity, and economic growth and unlock opportunity.
The Thailand Research and Innovation Utilization Promotion Act B.E. 2564 (2021) (TRIUP Act), which is also referred to as the Thai Bayh-Dole Act, came into force on May 7, 2022. T
The Office of National Higher Education Science Research and Innovation Policy Council (NXPO), led by Dr. Kitipong Promwong, President, reveals that the volume of R&D investment in Thailand has grown continuously since 2011. Despite the Covid-19 Pandemic, which prompted the government sector to take action in the form of increased public R&D injection in response to potential national R&D slump from the pandemic, in accordance with a prior forecast by NXPO, the survey on R&D investment in 2020 by the National Research Council of Thailand (NRCT) shows an increase in the country’s R&D allocation to 208,009 million baht (66,304 million baht – or 32 percent – from the government sector and 141,705 million baht – or 68 percent – from the private sector). Noteworthily, the amount from the government sector increased from the previous year by almost 10 percent. The investment in R&D accounts for 1.33 percent of GDP, up from 1.14 percent last year.