Thailand’s BOI Gives Boost to Biotech Investments

Thailand's National Biotechnology Policy Framework 2004–2009 acts as a catalyst to enhance industrial productivity and sustainability. Six goals are identified in the national policy framework, of which two are given priority: 'Kitchen of the World' and 'Healthcare Center of Asia'. The Board of Investment of Thailand (BOI) is creating a positive environment for local and international industries by providing maximum benefit privileges to biotechnology-related investments.

Currently, there are 50 new biotechnology companies in Thailand. More than 80 existing businesses have incorporated biotechnology R&D in their work processes. Government agencies and universities provide supporting services to stimulate biotechnology businesses. Research and development infrastructures such as Biopark in the Thailand Science Park will be operational in 2010. The National Science and Technology Development Agency, the National Center for Genetic Engineering and Biotechnology, the Thailand Center of Excellence for Life Sciences, and the BOI under the direction of the Ministry of Industry, are major agencies committed to strengthening Thailand's competitiveness in biotechnology.

More information about government incentives to biotech industries are available at http://www.palgrave-journals.com/jcb/journal/v15/n1/abs/jcb200834a.html