29 Apr '14, 12am

Channeling Silicon Valley: Thailand Banks on Tech Startups - EE Times

Channeling Silicon Valley: Thailand Banks on Tech Startups - EE Times

"In the future, we don't intend to compete on low wages. We are focusing on key sectors that will move Thailand up the value-added ladder," Duangjai Asawachintachit, deputy secretary general for the Thailand Board of Investment, told us. She noted that her country is already losing ground in some low-wage manufacturing segments due to regional competitiveness. But that's all according to plan. Embracing the idea that innovative startups and entrepreneurs will lay the foundation for a strong economy, Thailand is putting a priority on science, technology, and innovation investment targets and creating an infrastructure to support fledgling startups. "A lot of these entrepreneurs have brilliant technical ideas, but they don't necessarily know all the ins and outs of running a successful business," said Chalermpol Tuchinda, director of Software Park Thailand. (Source: EE Times...

Full article: http://www.eetimes.com/document.asp?doc_id=1322127

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