Thailand has launched the Thailand RISE Fund, a new national initiative to accelerate the conversion of academic research into tangible economic and social impact. The rebranded fund was introduced at the Thailand RISE Fund Forum, held in collaboration with Chulalongkorn University. This strategic move aims to strengthen the country's position within the global innovation economy by focusing on practical applications and measurable outcomes.
A Strategic Shift in Research Funding
Over the past decade, Thailand has significantly expanded its volume of academic research. National leaders now face the challenge of ensuring this knowledge contributes directly to economic and societal progress. The new fund signals a deliberate pivot from prioritizing research quantity to emphasizing real-world value and impact.
The initiative is designed to bridge the persistent gap between research institutions and industry demands. Ake Pattaratanakun, Chairman of the RISE Fund Strategic Communications Subcommittee, stated the focus is now on proof of impact over publication metrics. This approach aims to ensure that funded projects address genuine economic needs and deliver measurable results.
Fostering a Collaborative Innovation Ecosystem
The fund operates under a framework built on four pillars: Research, Innovation, Science Excellence, and Ecosystem. The ecosystem component is crucial, promoting strong partnerships among universities, businesses, government agencies, and local communities. This integrated strategy is designed to support a more comprehensive and robust national innovation economy.
Wilert Puriwat, President of Chulalongkorn University, emphasized that national progress depends on this coordinated system. He stated that universities have a strategic responsibility to move research from laboratories into practical applications. This transition is vital for delivering tangible benefits and enhancing Thailand’s long-term competitiveness on a global scale.
A National Vision for Inclusive Growth
The Thailand RISE Fund is also committed to expanding engagement to ensure broader participation nationwide. Through regional forums and outreach, the initiative will help researchers and entrepreneurs develop projects aligned with local economic strengths. This reflects a shift toward a more inclusive and distributed innovation ecosystem across the country.
According to Sompong Klaynongsruang of Thailand Science Research and Innovation, collaboration is essential for success. She noted that a systematic approach, from policy to application, is required for long-term national impact. When all sectors align, research can move beyond knowledge generation to create meaningful national transformation.
Ultimately, the Thailand RISE Fund aims to redefine the role of research within the nation's development strategy. The initiative's vision is to shift the focus from 'research for journals' to 'research for the nation.' By concentrating on measurable results and long-term value creation, the fund seeks to bolster Thailand's competitiveness while fostering sustainable economic and social growth.