To drive Thailand’s economy using the BCG economic model in the energy, materials, and biochemical sector, the acceleration of the development of technological innovation capabilities is necessary. This is because bio-based industries are technology-intensive industries, but Thailand’s readiness for technology and innovation is still at the laboratory level (TRL 3-4). Strategies must therefore be formulated to accelerate technological innovation capabilities in the form of acquisition, co-research, and self-build by relying on the following favorable ecosystems:
- Establishing a technology localization fund for domestic entrepreneurs, especially SMEs;
- Promoting research, development, and technology transfer to production (supply chain) in a spearhead manner, as well as improving the multi-year budgeting process as a block grant and streamlining disbursement;
- Having financial support for pilot plant utilization to close the innovation gaps and accelerate commercialization;
- Investing in the national quality infrastructure (NQI) to standardize and test the standards for biomaterials and biochemical products developed in Thailand;
- Promoting personnel development in areas with shortages of personnel, such as bioprocess engineering.
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