Thailand’s 20-Year National Development Strategy, which contains missions for innovation, has been validated in the Global Innovation Index 2020, which has placed Thailand 44th out of 131 countries worldwide, and first in terms of innovative product exports.
The Director-General of the Department of Intellectual Property, Thosapone Dansuputra, said today the report was compiled by the World Intellectual Property Organization (WIPO), in cooperation with Cornell University of the United States of America (USA) and the European Institute of Business Administration (INSEAD). The annual report ranks countries according to their support and development of innovation, taking into account investment in areas conducive to innovation. Thailand’s 44th ranking was attributed to positive market conditions for innovation and consistent development. Thailand is fourth among upper middle income countries and 10th in the Association of Southeast Asian Nations (ASEAN), East Asia and Oceania group.
This year, the report placed Thailand in top place for the export of innovative products, and raised Thailand to first place for spending on business development. It was noted the country is 10th globally for the number of patents registered.
Mr. Thosapone said the report confirms Thailand’s support for innovation, reminding citizens the matter is included in the 20-Year National Development Strategy and that the National Roadmap sees intellectual property as crucial to economic progress.