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NIA Invites the Nation to Embrace ‘Impactful Innovation’ — Adapt, Transform, Create, Add Value, and Generate Positive Impact to Drive Thailand Forward
Today, ‘innovation’ is more than a buzzword, it is embedded in our daily lives and plays an increasingly prominent role in national development. Countries that have succeeded in the modern economy share a common foundation: strategic investment in ‘Impactful Innovation’ that improves lives, enriches society, and drives tangible economic growth.
At the heart of 21st-century development lies innovation that is not just “usable” but must also “have an impact.” Today, Thailand stands at a crucial crossroads between being merely a consumer of foreign technology and becoming a country capable of producing, creating, and exporting its own “Impactful Innovations.”
Redefining “Impactful Innovation” Through the Lens of Thailand’s Innovation Leaders
Dr. Krithpaka Boonfueng, Executive Director of the National Innovation Agency (NIA), explains that genuine innovation is not simply about introducing new ideas or trendy products. In the business context, innovation means adaptation, identifying new opportunities, responding to evolving consumer needs, and securing competitive advantages. It must be actionable, value-driven, and capable of generating widespread positive impact.
What matters is not merely whether a product sells, but whether it can be scaled to create economic and social value across a broad spectrum. In today’s consumer-centric world, people are dictating the direction of product and service development. Personalization and niche segmentation have overtaken mass production, with increasing demand for specialized products from health-focused functional foods to nutrition tailored for the elderly and patients with specific medical needs.
‘Impactful Innovation’ therefore refers to innovation that creates meaningful transformation in quality of life, economy, society, or environment, and can spark profound structural change.
To navigate this transformation, NIA plays a critical role in positioning Thailand as an ‘Innovation Nation,’ acting as a Focal Conductor across both policy and practice. The agency supports innovative entrepreneurs from startups and SMEs to social and community enterprises in developing innovations that yield positive and sustainable outcomes for the economy and society.
NIA’s ‘4G Strategy’ offers a comprehensive framework:
- Groom: Cultivating and nurturing innovation capacity
- Grant: Providing funding to bring ideas to life
- Growth: Unlocking market access and investment channels
- Global: Scaling into the international arena
This pathway is designed to take innovations from conceptualization through to problem-solving, expansion, and long-term growth. The agency places strong emphasis on national strategic industries from EV and green technologies to health tourism, functional foods, and the creative economy, all of which hold immense potential to generate positive and far-reaching impacts.
Ultimately, the goal is not merely to increase the number of innovators, but to foster innovation of real quality that delivers measurable social, economic, and environmental impact from local communities to the global stage.
The Power of Innovation: Driving Thailand’s Economy and Society Forward
Thailand has seen several outstanding examples of impactful innovation. One such achievement is the globally recognized ‘Klaeng Din’ (Artificial Soil Acidity) innovation, developed under the late King Bhumibol Adulyadej’s Royal Initiative. Designed to rehabilitate acid sulphate soils through a carefully managed water and lime treatment process, this method transformed unproductive land into fertile farmland, a breakthrough technology with no precedent in tropical regions worldwide.
Another nationally transformative innovation is PromptPay, Thailand’s digital payment infrastructure. By enabling fast and secure transfers using a national ID number, phone number, or bank account, PromptPay has not only simplified daily transactions but also improved the government’s delivery of welfare payments and financial support. It is now a key pillar of Thailand’s transition to a cashless society.
NIA’s efforts to cultivate impactful innovation have yielded promising results in recent years. For instance, MuvMi, a Thai electric Tuk-Tuk startup, was developed to reduce environmental pollution and has since evolved into a public mobility platform with private-sector investment.
Another example is ‘Pinto Roi Sai’ from the community of Tamot, Phatthalung, a grassroots innovation blending local food culture and tourism. This initiative invites visitors to experience authentic Southern Thai cuisine prepared by locals using seasonal, pesticide-free ingredients, creating value through culture, sustainability, and community income generation.
The Future of Thai Innovation
It is now beyond doubt that innovation is a driving force behind Thailand’s future. Promoting innovation with a measurable, positive impact is both a compelling challenge and a critical national mission. In this volatile and uncertain global landscape, building the country’s capacity to compete and adapt is vital.
NIA’s ultimate vision is to steer Thailand toward becoming an ‘Innovation Nation.’ Through integrated mechanisms and collaborative ecosystems, the agency connects relevant stakeholders and empowers innovators seamlessly. It is working to strengthen partnerships across the private sector, universities, science parks, and regional agencies ensuring that innovation infrastructure is accessible to all, and that innovation outputs are effectively scaled to achieve lasting societal benefits.
As Thailand moves forward, impactful innovation will not only shape our economy but redefine our place in the world.
Hashtag: #NIA #NationalInnovationAgency
https://www.nia.or.th/The issuer is solely responsible for the content of this announcement.
Topuria officially joined the global 1win VIP Community on June 2, becoming part of the brand’s exclusive project that unites prominent figures from sports, music, and entertainment. Two weeks later, he is set to headline UFC Freedom 250 against Justin Gaethje in a lightweight title unification bout in the White House. The event is already being described as one of the most memorable spectacles in combat sports history.
“It’s not gonna be the biggest in UFC history – it’s gonna be one of the biggest events in sports history,” Topuria said ahead of the fight.
The bout marks the first defense of the lightweight title Topuria captured last year when he knocked out former champion Charles Oliveira to become only the tenth fighter in UFC history to win titles in two different weight classes. Holding a professional record of 17-0-0, “El Matador” Topuria enters the contest looking to further cement his legacy.
Known for his confidence and tireless pursuit of excellence, Topuria believes success is built on preparation rather than chance, a mindset that aligns closely with the philosophy behind the 1win VIP Community.
“Life is a game. Most people sit and hope for luck. I find it inefficient. I prefer control and precision, because when you set your own rules, winning stops being a surprise. If that’s your way of life, you’re welcome at my table with 1win,” stressed Topuria upon joining the 1win VIP community.
The fighter has repeatedly demonstrated confidence ahead of his clash with Gaethje, emphasizing his discipline, hard work, and dedication.
Ilia Topuria joins a growing roster of internationally recognized athletes and entertainers engaging with 1win, including 1win VIP member, rapper Tyga, and brand ambassadors and UFC fighters Jon Jones, Gable Steveson, and Ignacio Bahamondes.
Hashtag: #1win
The issuer is solely responsible for the content of this announcement.
About 1win
1win is an international entertainment platform operating across multiple markets worldwide. Through partnerships with internationally recognized athletes and celebrities, the company creates engaging experiences and premium content for audiences worldwide.
This year’s forum is an important supporting event of the 18th Cross-Strait Forum. During the event, nine Fujian-Taiwan financial integration projects were signed, with a total value of RMB 9.1 billion. The projects cover a wide range of financial services across areas including cross-strait industrial cooperation, water supply security for public welfare, capacity upgrades for long-established Taiwan-funded enterprises, technology and innovation industries, and modern agriculture. These initiatives continue to unlock the benefits of financial policies, promote shared access to financial resources for Taiwan compatriots and Taiwan-funded enterprises, and inject new momentum into industrial integration between Fujian and Taiwan.
At the forum, the Cross-Strait Wealth and Asset Management Cross-Sector Alliance was officially inaugurated. Supported by Jinyuan Group and jointly proposed by its affiliated financial institutions, the alliance was co-founded by Xiamen International Trust, Jinyuan Uni-President Securities, Yuanxin Yongfeng Fund, Fubon Bank (China), Junlong Life Insurance, and Xiamen Chang Gung Hospital, among others. Centered on serving the wealth management and asset management needs of people on both sides of the Taiwan Strait, the alliance aims to build a one-stop service platform covering asset allocation for Taiwan compatriots and Taiwan-funded enterprises on the mainland, family trusts and wealth succession planning, pension finance, and healthcare protection solutions.
The forum also unveiled a series of innovative financial achievements related to Taiwan. The banking industry’s first group standard dedicated to Taiwan-related financial services on the mainland, the “Specification for Taiwan-Related Financial Services of Banking Financial Institutions,” was officially released. At the same time, the “Bailufen” Taiwan Compatriot Financial Service Platform was introduced, further enhancing financial services for Taiwan compatriots living in Fujian and supporting the development of Taiwan-funded enterprises.
Hashtag: #StraitsFinancialForum
The issuer is solely responsible for the content of this announcement.
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Verdant Rock Receives BBB+ Long-Term Insurer Financial Strength Rating with a Stable Outlook from Fitch Ratings
“The infrastructure and capital markets we are targeting have been systematically underserved over the past decade. Verdant Rock enters this space with an investment grade rating, a strong capital position, the regulatory standing, the technical capability, and the long-term commitment that issuers and their advisers have been unable to find elsewhere.”
— Tolga Uzuner, Co-Founder, Chief Executive Officer, Verdant Rock Limited
The Fitch Ratings report can be accessed here:
Fitch Rates Verdant Rock at ‘BBB+’; Outlook Stable
Verdant Rock’s Class 3B registration can be verified via the BMA’s register of regulated entities (search “Verdant Rock”): https://www.bma.bm/regulated-entities
Notes to editors: For the May 2026 licensing announcement, see https://bernews.com/2026/05/walkers-supports-verdant-rock-licensing/
This announcement is (i) for information only; (ii) not an offer or solicitation to buy or sell any security, insurance product, or financial guarantee; and (iii) not for distribution in any jurisdiction where to do so would be unlawful. Forward-looking statements are not guarantees of future results, and Verdant Rock undertakes no obligation to update them. A credit rating is not a recommendation to buy, sell or hold any security and may be subject to revision, suspension or withdrawal at any time by the assigning rating agency.
Hashtag: #VerdantRock
The issuer is solely responsible for the content of this announcement.
ABOUT VERDANT ROCK
Verdant Rock Limited is a Bermuda-based insurance company, regulated by the Bermuda Monetary Authority, providing Basel III and Solvency II compliant financial guarantees in emerging markets, designed to qualify as eligible credit protection under Basel and major insurance solvency regimes, for the benefit of institutions globally.
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