Economy
Thailand’s Regional Science Parks Report 84 Billion Baht Economic Impact
The Ministry of Higher Education, Science, Research and Innovation (MHESI) highlights 12 years of regional science park contributions, totaling over 84 billion baht in economic value.
According to a report from Prachachat Business, the Thai Ministry of Higher Education, Science, Research and Innovation (MHESI) has showcased the achievements of its regional science park network. Spanning a 12-year period, this initiative, which involves a collaboration of 44 universities, has generated an economic impact valued at 84.337 billion baht.
The ministry is currently shifting its strategic focus to position these academic institutions as primary drivers for national economic and social development. A key objective of this evolution is to support the growth of the '4th S-Curve' industries, which are central to Thailand's long-term economic roadmap.
For residents and expatriates, this development signals a continued government commitment to fostering innovation-led growth, which may lead to new business opportunities and technological advancements within regional hubs outside of Bangkok. While the ministry has successfully demonstrated the historical economic contribution of these parks, specific details regarding the implementation timeline for the new S-Curve initiatives and the exact distribution of future funding across the 44 participating universities remain to be confirmed. Observers will be watching to see how these academic-led projects translate into tangible commercial outcomes in the coming years.