Thailand Launches RISE Fund to Bridge Research and Economic Impact

Thailand has launched a new phase in its national research and innovation strategy with the introduction of the Thailand RISE Fund, a rebranded national research funding initiative aimed at accelerating the transition from academic research to real-world economic and social impact. The initiative was highlighted at the Thailand RISE Fund Forum: RISE UP THAILAND, hosted in collaboration with Chulalongkorn University. The national forum brought together policymakers, researchers, industry leaders, and innovation stakeholders to explore how Thailand can strengthen its position in the global innovation economy.

Thailand’s research performance has expanded significantly over the past decade, but national leaders say the country’s next challenge is ensuring that research delivers tangible benefits. Professor Dr Wilert Puriwat, President of Chulalongkorn University, emphasized the importance of translating knowledge into national progress. He added that universities must play a strategic role in national development. National research leaders stressed that Thailand’s science and innovation system must operate with clearer direction and stronger coordination. Professor Dr Sompong Klaynongsruang, President of Thailand Science Research and Innovation (TSRI), said collaboration across sectors is essential. She noted that cooperation among universities, government agencies, and the private sector will be key to achieving long-term impact.

The transition to the Thailand RISE Fund represents a strategic shift in how Thailand supports research and innovation. Asst Professor Dr Ake Pattaratanakun, Chairman of Thailand RISE Fund Strategic Communications Subcommittee, said the initiative reflects a new national priority. He explained that the Thailand RISE Fund is designed to bridge the gap between research and industry. The Thailand RISE Fund operates under a strategic framework built on four pillars: Research, Innovation, Science Excellence, and Ecosystem. The ecosystem pillar emphasizes partnerships among universities, businesses, government agencies, and communities to support a comprehensive innovation economy.

The Thailand RISE Fund is also expanding engagement across Thailand to ensure broader participation in the innovation system. Regional forums and outreach activities are designed to help researchers and entrepreneurs develop collaborative projects aligned with local economic strengths. This approach reflects a shift from centralized funding toward a more inclusive and distributed innovation ecosystem. The Thailand RISE Fund aims to transform the role of research in Thailand’s development strategy. By focusing on measurable impact and long-term value creation, the initiative seeks to strengthen Thailand’s competitiveness while supporting sustainable economic and social development. For more information about the supporting agency, visit TSRI's official website.