Driving Innovation and Growth : IPACE’s Historic MOU Signing
IPACE's MOU Signing

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

We are delighted to share an extraordinary achievement with you – IP Acceleration and Commercialization Enterprise (IPACE) has successfully concluded a historic Memorandum of Understanding (MOU) with esteemed institutions. This milestone collaboration includes key representatives who have played pivotal roles in shaping the landscape of innovation and intellectual property management within Thailand including : 

  • Mr. Veravej Ornthanalai, CEO of the the IP Acceleration and Commercialization Enterprise (IPACE)
  • Associate Professor, Dr. Patamawadee Pochanukul, President of Thailand Science Research and Innovation (TSRI)
  • Mr. Wong Lup Wai, CEO of the Innovation Partner for Impact Singapore (IPI)
  • Associate Professor Siree Chaiseri, Director of the Program Management Unit for Competitiveness (PMUC)
  • Dr. Wiparat De-ong, Executive director of the National Research Council of Thailand (NRCT)
  • Associate Professor, Dr.Jaruayporn Srisasalux, Executive director of the Health Systems Research Institute (HSRI)
  • Dr. Vicharn Ingsrisawang, Executive director of the Agricultural Research Development Agency (ARDA)

This historic MOU signing represents a major milestone that is poised to unleash a new era of innovation and intellectual property management, driving unprecedented economic growth and transformation within Thailand.

Fueling Collaborative Synergy

For IPACE, accelerating the commercialization of innovative technologies and empowering startups and SMEs has always been at the core of its mission. The MOU serves as a catalyst for collaborative synergy, bringing together a powerful network of research institutions, government bodies, and industry leaders. By combining their collective expertise, knowledge, and resources, the partners aim to unlock the full potential of intellectual property and research capabilities across the country.

Empowering Economy and Enterprises

Central to this collaboration is a strong focus on empowering the grassroots economy and enterprises, particularly startups and SMEs. IPACE firmly believes that these entities are the backbone of economic growth and innovation. Through the MOU, IPACE and its esteemed partners commit to providing the necessary support and resources to drive innovation and elevate the competitiveness of these enterprises, thereby propelling Thailand to the forefront of technological advancements.

Unlocking Commercial Benefits from Intellectual Property

While fostering innovation is a primary goal, the MOU also places great emphasis on intellectual property management. Each participating institution, under the leadership of their key representatives, will possess the right to manage their intellectual properties and claim ownership of inventions made possible through government funding. Moreover, the agreement grants the freedom to negotiate licensing terms, streamlining technology commercialization and expediting the transformation of research breakthroughs into market-ready solutions.

A Transformative Step towards Economic Advancement

IPACE envisions this collaboration as a transformative step towards economic advancement in Thailand. By nurturing a culture of innovation, entrepreneurship, and knowledge sharing, the partners are paving the way for a thriving innovation ecosystem. As stakeholders in this collective journey, they are committed to driving positive impacts across various industries, generating employment opportunities, and catalyzing economic growth throughout the nation.

Stay connected with IPACE for the latest updates on this MOU 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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