Thailand Advances in Global Innovation Index
Thailand has moved up to 41st place in the 2024 Global Innovation Index due to increased private sector research and development spending. This improvement is highlighted by changes in intellectual property laws and a fast-track registration process. Commitments from the private sector, academia, and government agencies continue to drive the country's innovation capabilities forward.
Thailand has moved up to 41st place in the 2024 Global Innovation Index (GII), climbing two spots due to increased private sector research and development (R&D) spending.
The annual index, compiled by the World Intellectual Property Organization (WIPO), evaluates global economies based on their innovation capabilities.
Krithpaka Boonfueng, the executive director of the National Innovation Agency (NIA), highlighted ongoing improvements in intellectual property laws and a fast-track registration process as key factors in this progress.
Thailand rose in both the innovation input sub-index, from 44th to 41st, and in the output ranking, from 43rd to 39th, indicating more effective conversion of innovation inputs into outputs.
The country has ranked highest globally for the share of GDP spent on R&D by businesses for five consecutive years.
This dedication is further supported by Pattamawadee Pochanukulin, president of Thailand Science Research and Innovation, who aims to diversify funding partnerships across academia, industries, and startups.
Sacha Wunsch-Vincent from WIPO advised the establishment of a national task force to track and promote innovation progress.
Meanwhile, issues such as stricter enforcement of intellectual property rights and the utilization of soft power were addressed by Commerce Ministry and Creative Economy Agency experts.
Innovations like fast-tracking patent registrations, using AI for data validation, and strengthening cultural identity through area-based development, were also discussed.
The annual index, compiled by the World Intellectual Property Organization (WIPO), evaluates global economies based on their innovation capabilities.
Krithpaka Boonfueng, the executive director of the National Innovation Agency (NIA), highlighted ongoing improvements in intellectual property laws and a fast-track registration process as key factors in this progress.
Thailand rose in both the innovation input sub-index, from 44th to 41st, and in the output ranking, from 43rd to 39th, indicating more effective conversion of innovation inputs into outputs.
The country has ranked highest globally for the share of GDP spent on R&D by businesses for five consecutive years.
This dedication is further supported by Pattamawadee Pochanukulin, president of Thailand Science Research and Innovation, who aims to diversify funding partnerships across academia, industries, and startups.
Sacha Wunsch-Vincent from WIPO advised the establishment of a national task force to track and promote innovation progress.
Meanwhile, issues such as stricter enforcement of intellectual property rights and the utilization of soft power were addressed by Commerce Ministry and Creative Economy Agency experts.
Innovations like fast-tracking patent registrations, using AI for data validation, and strengthening cultural identity through area-based development, were also discussed.
