The cabinet has approved a budget of 24.6 billion baht to support research and innovation to transition the country into a fully-fledged technology-based society, according to the National Higher Education, Science, Research and Innovation Policy Council. The fund, drawn from the current fiscal year budget, will finance projects to realise the goals of achieving a technology-based society. The budget will also fund the launch of several projects to aid new forms of businesses such as community enterprises and start-ups. Frontier research in particular fields, as well as re-skill and up-skill projects and an initiative to reinvent the university system will also benefit from the budget. In the next five years, the government has set the target of pushing up the proportion of STEM graduates to 50%.

Source: Bangkok Post October 08, 2019 13:52 UTC