Articlegold2024

Impact and policy supporting Thailand innovation driven enterprise: orchestrating university innovation and entrepreneurship ecosystem with public and private stakeholders

Natcha Thawesaengskulthai · Awirut Chatmarathong · Jarotwan Koiwanit

33 citations0/0 files storedJournal of Innovation and Entrepreneurship

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Entrepreneurship Studies and Influences Business Strategies and Innovation University-Industry-Government Innovation Models

Abstract

Abstract This research paper aims to investigate the impediments faced by innovation-driven enterprises in Thailand and to explore the current measures, policies, and mechanisms related to innovation-driven enterprises (IDEs)’ development both domestically and internationally. The study encompasses a comprehensive approach, including an analysis of an innovation entrepreneur database comprising 320 investors and 883 IDEs. Moreover, semi-structure in-depth interviews were conducted with three investors, twenty-two IDEs’ founders, eight executives, and experts from various sectors, including government, university incubators, and the private sector in Thailand. Through this multifaceted investigation, this paper sheds light on the key factors that hinder the success of IDEs in Thailand, which primarily revolve around the quality of entrepreneurs (Team), Product and Market Fit, and Support. These factors collectively impact the depth of knowledge, business incubation, acceleration programs, and the effectiveness of laws, measures, and policies in supporting innovation capability development within IDEs. In addition, this paper presents a framework for Thailand’s IDEs hub, facilitating the connection between the university's innovation and entrepreneurship ecosystem with public and private stakeholders. This framework serves as a mechanism to address the identified hindrances and foster a conducive environment for IDEs development. To address the obstacles, this paper proposes three crucial strategies, namely, (1) talent management, (2) ease of doing scaleup, and (3) availability of funding. These strategies are envisioned to counteract the identified challenges and can be effectively implemented through an operating model and practical working procedures tailored to suit the specific context of Thailand.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 33 citations exist upstream.

References

2018Who Becomes an Inventor in America? The Importance of Exposure to Innovation*2020Innovative start-ups and policy initiatives 2018The Impact of Trade Liberalization on Firm Productivity and Innovation 2017Innovative ideas: Thailand 4.0 and the fourth industrial revolution 2020Supporting entrepreneurs: A systematic review of literature and an agenda for research 2016The impact of local knowledge bases on the creation of innovative start-ups in Italy 2016The innovation incubator, university business incubator and technology transfer strategy: The case of Thailand 2017Systematic Literature Review of Critical Success Factors of Information Technology Startups

Cited by

2025Cognitive and motivational drivers of entrepreneurial intention in an emerging economy: Implications for open innovation dynamics

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.