Thailand

Data from the World Economic Forum’s Global Competitiveness Report suggested that Thailand’s innovation ecosystem lags behind countries. While regulatory reforms have improved business dynamism, policymakers needed to identify the optimal mix of strategies and initiatives to make entrepreneurship more transformative and to channel long-term investment towards breakthrough research and innovation projects.

Launched in 2020, Thailand’s Innovation Accelerator was led by the National Economic and Social Development Council (NESDC). It identified selected initiatives to scale that were determined to contribute to the diffusion of innovative technologies, business models and innovation ecosystems towards the development of a more inclusive, sustainable and technology-based economy.