Marking the momentous first anniversary of the “Innovation ONE Fund” project, a vibrant press conference unfolded on August 14, 2024. The event was graced by the presence of key industry movers and shakers, including Mr. Kris Imsang, the dynamic President and CEO, Mr. Pranarch Kosayanont, the insightful Senior Executive Vice President of Corporate Strategy Planning and Business Development at IRPC Public Co., Ltd., and Mr. Panutat Kiatananchai, the driven Managing Director of Rakpasak Co., Ltd. Organized under the auspices of the Federation of Thai Industries (FTI), the conference served as a testament to the project’s remarkable success in empowering Thai SMEs and startups to make waves on the global stage.
The event, held at the prestigious Queen Sirikit National Convention Center (QSNCC) in meeting rooms 210-211, was nothing short of a masterclass in innovative dialogue and collaboration. During the proceedings, Mr. Pranarch and Mr. Panutat engaged in an enlightening discussion with a diverse group of entrepreneurs and venture capital partners. Their exchange teemed with insights on the transformative successes and myriad benefits affiliated with the Innovation ONE Fund project.
IRPC, standing tall as an innovation-driven powerhouse, along with Rakpasak, a forward-thinking startup entrepreneur, provided invaluable perspectives that shed light on the project’s pivotal role in uplifting Thai businesses. The palpable enthusiasm among attendees underscored the tangible impact of such initiatives in fostering a robust entrepreneurial ecosystem.
A cornerstone of the event was the illuminating story of IRPC’s collaboration with the FTI’s Innovation ONE Fund to champion innovative enterprises in Thailand. One shining example is Rakpasak Co., Ltd., a thriving SME that, under this initiative, received substantial support to significantly scale its business. This collaboration has notably enhanced the capabilities of Rakpasak’s hallmark product, REINFOXX Fertiliser, affectionately known as White Bear Fertiliser—an ingenious agricultural solution developed by IRPC.
REINFOXX Fertiliser, with its advanced formulation, epitomizes a quantum leap towards agricultural sustainability. This modern fertiliser not only promises enriched crop yields but also advocates for environmental stewardship, marking a significant stride toward a sustainable future for Thailand’s agricultural sector.
As discussions oscillated between the realms of strategy and execution, the atmosphere bristled with an air of optimism and forward-thinking. Entrepreneurs and visionaries left the conference hall invigorated, armed with renewed vigor and actionable insights, ready to take their ambitions to the next level.
The project’s first anniversary was more than a celebration; it was a rallying cry for continued innovation and excellence. In reflecting on the past year’s achievements, the event set a dynamic tone for the future, underscoring the limitless potential when industry leaders and innovative minds come together with a shared vision.
Indeed, the “Innovation ONE Fund” project stands as a beacon of what can be achieved through strategic partnerships and a relentless drive for innovation. As Thailand’s SMEs and startups gear up to carve out their niches on the global stage, the collaborative spirit and visionary foresight of initiatives like these will undoubtedly be their guiding star.
This event seems like a huge success! Kudos to Kris Imsang and the team for driving innovation in Thai SMEs. The REINFOXX Fertiliser sounds like a game-changer.
Agree, sustainability in agriculture is the way forward. But are they considering the long-term impact and possible downsides of such advanced formulations?
Good point, Nina. Every innovation has its risks. Let’s hope they’ve done their homework.
I’m sure they’ve considered it. Innovations from such large projects usually undergo rigorous testing.
What’s the big deal? It’s just another fertilizer. Why is everyone making such a fuss?
It’s more than just a fertilizer. It’s about sustainable agriculture and boosting crop yields, which could fundamentally change how we approach food security.
Let’s not forget it also means big money for Thai SMEs expanding globally.
I guess if it helps with food, that’s good. But it still feels overhyped.
Only time will tell, but initial results seem promising. It could be a massive boon for Thai agriculture.
I’m excited to see how these startups evolve with such support. What other sectors do you think will benefit next?
Tech and Renewable Energy might be next big areas. Thailand has a lot of untapped potential there.
Totally! Renewable energy could be huge, especially with the global shift towards sustainability.
Let’s not forget healthcare tech. The region could massively benefit from innovations in that field.
As someone involved in similar initiatives, it’s inspiring to see this level of commitment to SMEs. Hopefully, more countries will follow this example.
These events always sound great on paper, but what’s the actual impact on the ground?
Fair question. Metrics on job creation, revenue growth, and market expansion would shed more light on the true impact.
Exactly. Without data, it’s hard to measure success tangibly.
Agreed. Transparency and reporting are critical to understand the real benefits.
I’ve always found these initiatives somewhat exclusionary. What about smaller SMEs that don’t have the same access to networks?
This is a valid concern. Hopefully, projects like Innovation ONE Fund will also create pathways for those smaller players to get involved.
I hope so. The gap between large and small enterprises can result in lost opportunities for many.
Efforts to democratize innovation are crucial, but let’s give credit where it’s due. This is a step in the right direction.
I think Thailand is on the cusp of a significant transformation. The right kind of leadership and innovation support can make all the difference.
That’s a lot of big names at one event. Certainly, it must mean good things for Thai businesses.
Big names don’t always translate to real impact. Let’s see some numbers before we celebrate.
True, but their involvement can bring resources and attention, which is a good start.
I’m in agriculture, and trust me, better fertilizers can make a world of difference to farmers.
I wish more countries would focus on supporting SMEs. They are the backbone of any economy.
Interested to see the financial models they’re using to support these startups. It’s a promising initiative if executed well.
Financial sustainability is key. I wonder if they have contingencies for economic downturns.
Exactly. Even the best-laid plans can go awry without proper risk management.
Fantastic news! This is what we need—more innovation and less bureaucracy.
Why is it always these big corporations and not the little guy getting the spotlight?
I share your concern, but initiatives like these can sometimes also open doors for smaller players indirectly.
Big corporations often lead the way, which hopefully creates more opportunities for everyone else.