| NSTDA launches Phase 2 of Thailand Science Park; invests 2 billion baht | | | |
• Target set to attract 200 Thai and foreign investors to occupy more than 50 per cent of the space, five times more than at present
• The largest and most comprehensive R&D center in Thailand
• Affirming the ‘Fast Forward’ plan to build alliances and increase the number of patents for new innovations
Bangkok (11 October 2007) – Thailand Science Park, under the management of the Technology Management Center TMC, (a unit within the National Science and Technology Development Agency or NSTDA), announced the launch of Phase 2 with an investment of about two billion baht. The target is to pull in more private sector research and development companies so that they occupy more than half the area of the park.
Phase 2 of Thailand Science Park is located in the same area as Thammasat University’s Rangsit Campus in Khlong Luang District, Pathum Thani. It has 72,000 square metres of usable space and about 40,000 square metres is expected to be sold to private sector R&D companies.
Construction of Phase 2 is to begin in late October 2007 and to be completed in 2010.
Professor Dr. Chachanat Thebtaranonth, Deputy Director of NSTDA, said, “The progress on the Thailand Science Park project has proceeded more quickly than we planned.”
“Phase 1 of the project was intended simply to support the government’s research and development organizations, especially the NSTDA and its centers: BIOTEC, MTEC, NECTEC, NANOTEC and TMC. These organizations were to be the core of the park and a magnet to attract private sector companies to come in and invest in R&D projects in Phase 2. As it turned out, Phase 1 has already advanced farther than we predicted. Companies like Betagro and a subsidiary of Siam Cement are already using about 11,000 square metres in Phase 1. Now we have set a goal of selling more than 50 per cent of the space in Phase 2 to the private sector,” the deputy director said.
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