Bangkok, F.T.I. joins with IRPC to carry out the project “Innovation One Fund” to jointly raise the level of development and strengthen the competitiveness of Thai startups and SMEs.
The Federation of Thai Industries (F.T.I.) led by Mr. Kriangkrai Thiannukul, F.T.I. Chairman, together with IRPC Public Company Limited (IRPC) led by Mr. Krit Imsaeng, Chief of Staff. Management and President Signed a memorandum of understanding for cooperation in project implementation. “Innovation One Fund” to jointly raise the level of development and strengthen the competitiveness of Thai startups and SMEs.
Mr. Kriangkrai Thiannukul, Chairman of the Federation of Thai Industries (F.T.I.), said that currently various innovations It has become the heartbeat of driving the country's business and industry. There are many new product ideas, inventions, and software systems that help increase the quality and safety of the production process of industrial products.
The Federation of Thai Industries sees the importance of this matter. Therefore, we are ready to move forward in promoting innovative businesses. By using scientific research and drive the development of the new generation of startups through project implementation “Innovation One Fund” was established to help support funding for Thai startup entrepreneurs and SMEs who want to bring innovation to develop their own businesses. To be able to grow within the country and compete in the trade arena with other countries. Stable and strong It will connect start-up businesses that measure karma with industrial SMEs in our member network consisting of 46 industry groups and 11 clusters covering 76 provinces that want to bring innovation to support their businesses. To promote development for sustainable growth In line with the ONE FTI policy! of the Federation of Thai Industries that aims to strengthen Thai industry. For a stronger Thailand
Mr. Kriangkrai said The Federation of Thai Industries welcomes IRPC, Thailand's leading petroleum and petrochemical innovation company. Has seen the importance of innovative business and has joined hands with the Federation of Thai Industries in the project “Innovation One Fund” as a VC Partner that will join in investing with start-up entrepreneurs and SMEs as well as being an advisor. and follow up on the operations of entrepreneurs in order to jointly find ways to enhance the capabilities of Thai entrepreneurs in developing innovative businesses. Under the common spirit of wanting to develop the Thai startup ecosystem. and increase the ability to compete with the SMEs industry through Thai startup technology. So that entrepreneurs can enter the market and expand their commercial business further.
Mr. Krit Imsaeng, Chief Executive Officer and President of IRPC Public Company Limited, said that IRP C is very pleased and honored to be able to carry out the project. “Innovation One Fund” in collaboration with F.T.I. due to Thailand's economic development plan Through pushing for continuous innovation Promoting startup businesses is an important strategic policy.
In addition, Thai startups have potential in terms of technological capabilities and innovations that will help promote economic growth. and strengthen the country's innovation ecosystem. But these startups still lack support in terms of research and innovation. To be able to enter the market and expand the business to commercial scale. So the project “Innovation One Fund” will help promote and support Thai startups to have the opportunity to quickly access the industrial market. IRPC recognizes the importance of seeking technology and creating innovative measures. Especially future innovations that are the world's s-Curve, which is an important mechanism for driving the country's economy. We will integrate business knowledge and innovative ideas. including cooperation and support for startups So that it can be produced and released into the commercial market. In line with the vision of IRPC “Creatively measure the use of materials and energy. For a perfect life
IRPC's innovations that are under supervision include nutrients for plants that use nanotechnology to help plants absorb nutrients for good use, named REINFOXX or White Bear Fertilizer, etc.”
For the signing of the MOU for the “Innovation One Fund” project between the Federation of Thai Industries and IRPC Public Company Limited, it is a collaboration that will promote and support the development of Thai startups from the Early-Stage Deep Tech stage. that arose from the research of the IRPC Innovation Center Through cooperation between startups with government and private sector agencies involved in F.T.I.'s network that have a need for innovation to support business To strengthen the competitiveness of the industrial sector. Leads to commercial business .
Source: Thai News Agency