NIA’s Mechanism for Supporting Thai Startups on the Global Stage
Ukrith Kitchsiricharoenchai, Director of the Division for Funding Critical Innovation for National Development at NIA, explained the agency’s “Groom – Grant – Growth – Global” framework. This approach goes beyond providing R&D grants, connecting startups with real-world testing opportunities through a “Sandbox” area like Yothi, which links over 30 hospitals and medical agencies. This also opens up avenues for both domestic and international business matching.
Ukrith stressed that MedTech and HealthTech startups should focus on developing user-centric, safe technology that addresses the greatest needs. Recognizing that this field requires high investment and a long timeline, NIA encourages startups to collaborate with other Thai businesses to strengthen their capital and work as a team. This collaborative effort increases their chances of widespread adoption and global competitiveness.
Health Technology Trends: The Right Opportunity at the Right Time
A panel on “Med Tech/Health Tech Trends Now” highlighted Thailand’s significant global potential if it focuses on specialized, low-cost but high-impact technologies, such as AI and IoT, especially for populations with limited access to healthcare.
Pongchai Petchsangar, President of the Thai Health Tech Association (THTA), emphasized that MedTech and HealthTech development needs clarity. Startups must “know whom they are helping” and “how to integrate into users’ lives.” Since access varies across different regions, the technology must be easy to access, practical, and truly meet user needs.
The biggest challenge for Thai startups, according to Pongchai, is the increasing number of foreign startups with more investment entering the Thai market each year. The question for Thailand is how to attract more capital for local startups to seriously expand into international markets.
To do this, startups must develop impactful technology, build a strong ecosystem, and “start by giving” to prove their value before being accepted. Health startups are not a sprint; they are a “marathon” that requires a clear goal and long-term commitment. Government and private sector support through domestic and international business matching provides concrete opportunities for global expansion.