Thailand aims to boost innovation, foster 10,000 new startups

Country hopes to overcome conservative business image with four-year plan

20231023N Bangkok

Bangkok hopes to encourage startups in areas such as energy, medicine and agriculture. © Reuters

KENYA AKAMA, Nikkei staff writer

BANGKOK -- Thailand aims to cultivate 10,000 startups in fields like agriculture and medicine by the end of 2027 under an ambitious plan to spur corporate innovation.

"We will increase the number of innovative companies and improve the productivity of the Thai economy," Krithpaka Boonfueng, executive director of the National Innovation Agency, told Nikkei in a recent interview.

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