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BANGKOK,Feb.17,2022/PRNewswire=KYODO JBN/--

Chula's strategy to push CU Innovation Hub (iHub) to produce quality graduates

and a new breed of startups to drive Thailand 4.0 through innovation now pays

off with a 16-billion-baht valuation of innovative products.

Currently, innovation is what drives global economic trends, as reflected in

national policies of many countries, namely Made in China 2025, Manufacturing

USA, Japan's Society 5.0, South Korea's I-Korea 4.0, and Malaysia's Industry

4WRD.  Based on its 20-year national strategy, Thailand has laid down Thailand

4.0 development plan that will transform its economy from "efficiency-driven"

to "innovation-driven" by 2036.

Innovation development needs "innovators" to bring a positive change to the

country and the world. Many countries are working to create such incubators and

offer desirable incentives to attract top talent from many countries.

Though Thailand started to promote the Thailand 4.0 policy in 2017, the number

of high-quality workers is still limited. Chulalongkorn University, therefore,

established the Chulalongkorn University Innovation Hub, or CU Innovation Hub,

aka iHub to accelerate the creation of quality graduates to help drive the

country to the future.

iHub and its mission to create a new breed of startups

CU Innovation Hub (iHub) was founded in 2017 mainly to promote and support the

creation of innovations that will usher the Thai society into a new way of

life, learning, and creativity; to produce graduates who will become the

leaders of the future via technology and intellectual properties and dare to

create a disruptive change in conventional industries, and challenge the

traditional mindset in the workplace.  "Thailand 4.0 will never reach its 2017

goals of becoming a developed country without quality human resources who will

solve the country's problems with new and sustainable solutions," said Dr.

Santhaya Kittikowit, Chula Vice President for Innovation and New Development,

and Director of CU Innovation.

Apart from creating a new breed of startups, Dr. Santhaya said that CU iHub

also supports innovation, patents, use of intellectual property, application

for society, income generation, and creation of economic value for Thailand.

With five areas of concentration: Health/Aging, Education, Bio-Circular Green

Food & Agriculture, Sustainable Society, and Deep Tech Supercluster, iHub had

300 startups under its umbrella in 2021 with a market valuation of over 16

billion baht.

For more information on iHub startup's success, visit

https://www.chula.ac.th/en/highlight/64207/

Contact Chulalongkorn University Communication Center

at (+66) 2218 3282 or email Pataraporn.r@chula.ac.th

SOURCE:  Chulalongkorn University Communication Center

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   Caption: CU iHub’s New Breed of Startups to Internationalize the Thai Economy