Thailand Launches RISE Fund to Transform Research into Economic Growth and Innovation Powerhouse

Thailand has officially launched the Thailand RISE Fund, a rebranded national initiative designed to accelerate the shift from academic research to real-world economic and social impact.

The fund was unveiled at the Thailand RISE Fund Forum: RISE UP THAILAND, hosted in collaboration with Chulalongkorn University on March 5, 2026, bringing together policymakers, researchers, and industry leaders.

Thailand's Research Evolution: From Expansion to Impact

Over the past decade, Thailand's research output has surged dramatically, laying a strong foundation for national advancement.

Yet, the critical next step involves channeling this knowledge into tangible contributions for economic development and societal progress.

Leadership Vision and Strategic Pillars

Wilert Puriwat, president of Chulalongkorn University, stressed that true national progress requires transforming research into a coordinated system linking policy, innovation, and industry for measurable benefits.

Sompong Klaynongsruang, president of Thailand Science Research and Innovation, highlighted the need for directed policies, targeted funding, and collaborative applications across sectors.

Ake Pattaratanakun, chairman of the RISE Fund Strategic Communications Subcommittee, outlined the fund's four pillars: research, innovation, science excellence, and ecosystem-building partnerships.

By prioritizing proof of impact over mere publications, the fund bridges the gap between research institutions and industries.

The initiative promotes inclusivity through regional forums and outreach, empowering local researchers and entrepreneurs aligned with community strengths.

Looking ahead, the RISE Fund aims to bolster Thailand's global competitiveness and foster sustainable economic and social development.

This launch marks a pivotal moment in positioning Thailand as a leader in the innovation economy.