THE National Innovation Agency aims to transform the Yotee district in Bangkok into an "innovation district" similar to that in Singapore in the hope that it will serve as a platform that will boost the birth of new innovative ideas and start-ups in Thailand within two years.
Pun-Arj Chairatana, the NIA's new director, said for decades governments, universities and traditional firms had tried to encourage the transfer of know-how and technology by encouraging more foreign direct investment (FDI) through the luring of Board of Investment (BOI) privileges but theses efforts had proved somewhat of a failure.
