Khun Veravej Guy Ornthanalai, the CEO of IDG and IPACE, represented the IPACE as he signed the MOUs with Leading Institutions to Drive Innovation Commercialization and Foster Intellectual Growth.

—Bangkok City, Thailand, 18 July 2023 at TRIUP Fair 2023

A groundbreaking chapter in Thailand’s innovation landscape unfolds as IP Acceleration and Commercialization Enterprise (IPACE) successfully concludes a historic Memorandum of Understanding (MOUs) with Leading Institutions, including Thailand Science Research and Innovation (TSRI), IPI Singapore, Program Management Unit for Competitiveness (PMUC), National Research Council of Thailand (NRCT), Health Systems Research Institute (HSRI), and The Agricultural Research Development Agency (ARDA). Together, this strategic alliance aims to unlock the vast potential of intellectual property, driving commercial benefits and fostering intellectual growth.

The MOU empowers each signatory institution to encourage technology transfer and IP commercialization by sharing resources, knowledge, and expertise, the signatories are poised to accelerate the commercialization of cutting-edge technologies, fostering economic growth and job creation within the country. This collaborative agreement represents a transformative step towards nurturing a culture of innovation and entrepreneurship, particularly for small and medium-sized enterprises (SMEs) and startups, further strengthening the research and innovation capability of Thailand.

Stay connected with IDG and IPACE for the latest updates on these MOUs and other initiatives.

Together, we will continue to push the boundaries of innovation, creating a brighter and more prosperous future for Thailand and beyond.

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