A Thai telecoms operator has announced the launch of what it claims is the first digital innovation centre in the country.
In a statement, the firm’s Chairman stated that the True Digital Park is focused on strengthening cooperation, encouraging alliances and building a complete ecosystem for start-ups.
The facility, which will also house its new 5G Arena and an innovation testing centre, is designed to enable teams from multinational technology companies, private organisations and educational institutions to exchange ideas, experiences as well as trends in the tech business.
Innovation and digital technology are rapidly progressing and are an important driving force for change. Whether in the community, public health or the environment, digital technology can help to reduce inequality and build sustainable prosperity for the country.
According to an earlier OpenGov Asia report, Thailand’s True Digital Park has declared its readiness to become a centre for digital innovation in Thailand – the first and largest of its kind in Southeast Asia.
The Park’s aim is to encourage ASEAN start-ups and tech unicorns to help drive the digital economy of Thailand under the concept of “One Roof, All Possibilities – One place, every possibility”.
In June 2019, new workspaces were unveiled. These are equipped with a complete ecosystem for start-ups and the new generation of digital operators. It is hoped that the centre will help to create digital innovation.
The centre is a response to the work of the digital age; to support the start-ups and tech communities in Thailand that are ready to launch partnerships with government agencies, companies and leading global organizations to push Thailand to become the hub of Southeast Asia.
The Global Innovation Index (GII) revealed that Thailand is ready to be the centre of new regional digital technology innovation. In 2018, Thailand was ranked 44th in 2018.
The nation stood out in regards to its market progress (Market Sophistication), knowledge and technology outputs and innovation efficiency ratio. As well as the Innovation Achievers.
However, Thailand still has very few successful start-ups compared to neighbouring countries like Indonesia, Malaysia and Vietnam.
To help change this, the True Digital Park is committed to creating the perfect ecosystem for start-ups and users, enabling them via more advanced systems and digital operations. Overall, this will lend strong support to the country’s potential for growth.
The Electronic Transactions Development Agency (ETDA) aims to promote, support and develop Thai online transactions to be standard and reliable. It will also work to enabled Thai e-commerce to continue to grow both in value and volume.
In particular, the ETDA will promote and drive the creation of Digital Workforce, which will be an important force in helping the online entrepreneurs and the digital ecosystem to enable Thailand to be more competitive in business and grow sustainably.
True Digital Park will, therefore, be another area where ETDA will prepare various solutions for those interested in obtaining various advisory services related to the ETDA’s work.
The True Digital Park, located near the BTS Punnawithi Station, has opened for service in the first phase.