This report evaluates how to strengthen Thailand's SME and entrepreneurship policies
to promote innovative entrepreneurship and SME innovation at regional level. This
is critical in supporting a shift towards a more innovation-driven and regionally-balanced
economy in Thailand. The report illustrates the needs by taking a specific policy
case, namely activating new and small firms in the development of an innovation cluster
in the advanced agriculture and biotechnology and food for the future sectors in Chiang
Mai and Chiang Rai regions in northern Thailand.
The report examines policy options in four major areas affecting the cluster: strengthening
the local entrepreneurship ecosystem for example in scale-up finance and entrepreneurial
culture; upgrading business development services so they that the match the requirements
of SME innovation; attracting foreign direct investment and brokering supply chain
linkages with local SMEs; and creating a cluster management organisation to co-ordinate
The report makes policy recommendations illustrated by international inspiring policy
practice examples in each area. It shares a vision for translating Thailand's new-found
biotechnology research strengths into economic development by stimulating innovation
absorption by SMEs and commercialisation by start-ups and scale-ups.