The public sectors' promotion to the creation of innovative products and services

Abstract

The article entitled “the Public Sectors’ Promotion to the Creation of Innovative Products and Services” had objectives to study and promote the creation of innovative products and services in Thailand by reviewing the literature concerning concepts and theories involved in innovation/ innovative organizations and the promotion of the creation of innovative products and services of public sectors in Thailand consisting of the cabinet, Ministry of Science and Technology, Advisory Committee to Develop an Innovative System of Thailand, Small and Medium Enterprise Promotion Office, and the Securities and Exchange Commission. The data were also collected from abroad as South Korea, Singapore and Enropean Union. It was found that there were stages of public sector’s policies to promote the creation of innovative products and services. The first stage included 1) the support for the expenses in doing research and developing the country’s innovation and 2) the reform of the incentive system, regulations and the laws that impeded the implementation and exploitation of research and innovation. The second stage was to support the researchers by promoting the quality of the teaching and integrating science, technology, engineering and mathematics. The country focused on training which aimed to develop mentors for entrepreneurs and to give support for further research for the commercial interests. The government had policy for marking support by giving the opportunity for research and innovation that had never been released to enter the commercial market without competing with foreign products. The government was First buyer and promoted business excellence to the international standards. To the reform of laws and regulations, the government provided tax incentives in order to support researches and development in private sectors. Moreover, the government had policies to buy innovation on the list with the special procurement method. This enabled SME s to develop innovation of business model by developing the entrepreneurs’ network, mutual vision, co-location, mutual use of instrument, including follow-up of technological development.