Over the years, Thailand has developed an efficiency-oriented economy with advanced infrastructure that offers comparative advantages to manufacturers.
This has made it one of the most attractive investment destinations for a variety of industries.
According to the IMD Global Competitiveness Ranking 2024, Thailand is ranked 25th in the world, up from 30th in 2023.

However, in a global economic context where sustainable development is a goal to be achieved, the methods, policies, and perspectives guiding economic growth are changing in many countries. The next intermediate goal will be an innovation-driven economy.
Thailand’s public and private sectors recognize that science, R&D activities and innovation are key to successful sustainable economic growth. In this context, the creation of an innovation ecosystem has become a focus of the Thai government’s discussions on short, medium, and long-term development.

Key players such as the Thai Ministry of Higher Education, Science, Research and Innovation and the Agricultural Research and Development Organization of Thailand (a public institution) are speaking and providing information on innovation support policies, government grants and subsidies, and IPACE, Thailand’s premier platform for the commercialization of IP and technology, is also introduced IPACE, Thailand’s premier platform for IP and technology commercialization, is also featured.
Typical examples of how Japanese innovation-driven companies are operating in Thailand’s dynamic markets and leveraging its strategic location as a gateway to ASEAN through successful case studies.

Thailand’s innovation ecosystem is rapidly evolving into a regional hub, offering unparalleled opportunities for Japanese-invested companies seeking collaboration and investment.
The Board of Investment of Thailand (BOI) is actively guiding Japanese companies on how Thailand’s innovation ecosystem can help them to tap into opportunities in the global marketplace.