NSTDA joins hands with research hub of property developer

Real Estate June 11, 2018 12:27

By The Nation

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Research and Innovation for Sustainability Centre (RISC), a Bangkok-based research hub for sustainable development with a focus on well-being, has signed a memorandum of understanding (MoU) with Thailand’s National Science and Technology Development Agency (NSTDA) to collaborate on developing sustainable and well-being living solutions with immediate market applications.

The agreement was signed by Assoc Professor Singh Intrachooto, RISC’s chief adviser, and Thitapha Smitinont, executive vice president at NSTDA, at the RISC’s headquarters in Magnolias Ratchadamri Boulevard, central Bangkok.

RISC is the intelligence arm of international property developer Magnolia Quality Development Corporation Limited.

“RISC and NSTDA share a commitment to developing technology that benefits humans and the planet – an approach we call ‘for all well-being’,” said Singh. 

NSTDA’s Thitapha said the collaboration would accelerate the innovation cycle for new technology.

“Through RISC’s work for property developer MQDC, its researchers are adept in providing consumer insights and offering consumer benefits through new technologies for well-being and sustainability, such as indoor air quality monitoring systems or energy-efficiency awareness systems, etc,” she said.

The MoU has a projected scope of 5 years and is expected to lead to further agreements covering specific areas of collaboration, focusing on sustainability and well-being living solutions.