Technology Transfer and Commercialization:
Venture Capital Financing System of Thailand

Abstract

This article provides an empirical study of the venture capital financing system of Thailand and examines the policies and financing programs that provide support to the process of technology and innovation development. The study analyzes the major financing programs of institutions legitimizing technology and innovation financing, such as the Ministry of Finance, Ministry of Science and Technology, and Ministry of Industry. The article provides useful implications for policy makers to strengthen the capacities and capabilities of the national innovation system.