Business Potential for Agricultural Biotechnology - Asian Productivity ...

Business Potential for Agricultural Biotechnology Products
Foreign policy
in expanding
market into
neighboring
countries
Government
measures to
promote investment
in
biotechnology
Expand science
parks
to highlight
the importance
of
biotechnology
Investment
in research
and development
from abroad
begins to
come in
Initiate fixationmeasure
and
other privileges
Establish
venture
capital to
invest in
biotechnology
Initiate partnership
with
neighboring
countries in
biobusiness
Set up 20
new companies
in biotechnology
business
Set up provincialbiotechnology
parks
Figure 1. Milestones for New Biobusiness
To create an environment and incentives like tax privileges for venture capital to invest in
biotechnology, which requires longer periods than other industrial technologies for returns on
investment.
To promote investment in research, development, and innovation.
To support the listing of biotechnology companies on the Stock Exchange of Thailand.
Biotechnology Promoting Thailand as the Kitchen of the World
This will be achieved by maintaining and enhancing Thailand’s competitiveness in the agriculture
and food industries, which will increase export value up to THB1.2 trillion and improve
the export value of processed agricultural products from 12th in the world into the top 5 by 2011.
Key strategies are:
To promote agricultural research to include more biotechnology components.
To formulate clusters of high-value-added manufacturing in the supply chain, such as the
shrimp industry, the seed industry, and important goods. Biotechnology is to be applied as a core
component in increasing productivity, breeding plants and livestock to suit the cultivating environment,
reducing chemicals, developing and using the potential of biotechnology for quick,
precise, and specific detection and diagnosis in managing food and seed safety by setting up a
biotechnology laboratory to certify the quality and standard of products exported as well as inspection
of imported products.
To expedite development of new lines of marine products to provide alternatives to existing
products (shrimp).
To develop technology and service businesses in post-harvest and packaging technology to
prolong the shelf life of agricultural products.
To conduct research to collect the scientific data needed for risk assessment of food and
agricultural products for export, which will eventually enable Thailand to set standards for products
of which Thailand is the leading exporter.
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Fortify the
biobusiness
in service
sector
SMEs become
strong
and have
linkages
with large
companies
Biotechnolo
gy companies
listed
on the stock
exchange of
Thailand
200% or
more increase
in
number of
biotechnology-related
patents
Establish
over 100
new biotechnology
companies
Investment
In research
and development
at
over THB5
billion in
value
Emergence
and development
of
business
2004 2005 2006 2007 2008 2009 2010 2011