Innovation, tech seen as key in IDE ecosystem sets stage for Thai startups

Economy March 28, 2018 01:00

By Asina Pornwasin
The Nation 

Innovation and technology are expected to be the tools for solving the most critical problems while the development of an innovation ecosystem is the crucial factor in creating an positive impact on the world. 



Sarah Jane Maxted, executive ditecฌtor of MIT Regional Entrepreneurship Acceleration Programme (MIT REAP), said at the MIT Global Startup Workshop 2018, that the three elements of innovation ecosystem include sysyem, strategy and stakeholders, while the innovation ecosystem stakeholders model consists of risk captial, entrepreneur, corporate, govenrment, and university. 

Edward Rubesch, programme director of the Innovation Driven Entrepreneurship Center (IDE), under the University of Thai Chamber of Commerce, said at the same event that as the stakeholder in innovation ecosystem, the UTCC has partnered with MIT REAP, authorised by Massachusetts Institutes of Technology (MIT), to operate the IDE Centre with the goal of creating new entrepreneurs with exponential growth in global scale.

The joint project has been nuturing entrepreneurs nationwide and filtering through innovationdriven entrepreneurship. The IDE Centre is established to create an ecosystem amongst entrepreneurs, driven by innovations in an “IDE Ecosystem”. 

The core mechanism consists of five partners: educational sector, public sector, private sectors, entrepreneurs cluster, corporate enterprises and financial institutes. Altogether, the ecosystem will be wheeled up as a key driver of Thailand’s economics.

“Invention in the developing world is the huge job opportunity of invention and be more broadly apply to creat value in the new ways. We have the huge opporotunities solving some of the problems around that,” said Rubesch.

The centre is buliding a Thailand IDE ecosystem with much activities, such as IDE Boot Camps and IDE Acceleratrp in conjunction with partฌners throughout Thailand. 

“Things we think are important for the IDE Network are system, culture, and community, which to reach outside of Bangkok,” said Rubesch.

Punarj Chairatana, director of the National Innovation Agency (Public Organization), said that role of NIA is to make creativity into value reality through three ‘E’ mission, entreฌprenuership, enterprising, and equity 

“National innovaton system for NIA is around these, which is to encourage people to be innovaiton entreprenuers; to help promote the innovation development in the enterprises; and to build the inclusiveness and sustainability,” said Punarj.

He added that, the innovation system should be the datadriven innoฌvation and areabased innovation where collaborations are needed from all stakeholders including educationฌal institutions (for paragigm innovation); government (for public sector innovation), firms (for business innovation), society (for social innovation), and world and environment (for green innovation).

“For the past two years, the government has developed several innoฌvation ecosystems through startup initiatives. We have already established Startup Thailand as an open platform ecosystem for statups, servicebased startup to deeptechnology based startups,” said Punarj.

MIT Global Startup Workshop 2018 is a collaboration between Sasin School of Management and MIT Association of Thailand in corporation with MIT Global Startup Workshop (MIT GSW). It aims to encourage Thai innovationdriven entreprenuers to learn and discuss with MIT technical and entrepreneurial expertise as well as investors, government officials, academics, and corporate leader from around the world.