STI-Fund
Under Thailand BOI’s scheme to encourage industrial sector investment in developing Skills, Technology and Innovation (STI), additional rights and privileges shall be granted to BOI promoted companies investing in development of Skills, Technology & Innovation. Based on the BOI Announcement No. 3/2549 and its amendment in the BOI Announcement No. 6/2552, STI expenditures must cover:
- research and development or design,
- advanced technological training and
- support for educational or research institutes
The new alternative:
Further amendment following the BOI announcement No. 11/2552, the new qualified expenditure covers the donation to technology and HR development funds as approved by the BOI, and one such fund is the Science and Technology Development Fund operated by the National Science and Technology Development Agency (NSTDA).
Currently, BOI announces the announcement No. 2/2557 “Policies and Criteria for Investment Promotion and decline the BOI Announcement No. 3/2549 and No. 6/2552 by using the new one instead in the number of 9.2 Merit-based Incentives in order to attract and stimulate more investment or spending on activities that benefit the country or industry at large, the Board stipulates additional incentives based on merits of the projects as follows:
(1) Research and Development in technology and innovation including in-house R&D, outsourcing R&D in Thailand or joint R&D with overseas institutes.
(2) Donations to technology and Human Resources Development Funds, educational institutes, specialized training centres, research institutes of governmental agencies in the science and technology field in Thailand, as approved by the Board
(3) IP acquisition/licensing fees for commercializing technology developed in Thailand
(4) Advanced technology training
(5) Development of local suppliers with at least 51% Thai shareholding in advanced technology training and technical assistance
(6) Product & Packaging Design; either in-house or outsourcing in Thailand, as approved by the Board