Authors: Tippawan Pinvanichkul; Jarunee Wonglimpiyarat
Addresses: King Mongkut's University of Technology, Thonburi, CB5, 8th Floor, 126 Prachautit Rd., Bangmod, Thung Khru, Bangkok 10140, Thailand. ' College of Innovation, Thammasat University, Bangkok 10200, Thailand; Department of Administrative Sciences, Boston University, Boston, MA 02215, USA
Abstract: This paper explores the Thai Venture Capital (VC) industry based on the Triple-Helix model. In particular, the characteristics of Triple Helix are analysed in terms of the structure of the VC market as well as the tax regulations related to VC funds. The results reveal that the growth of Thai VC market depends on government interacting with universities and industries. However, major problems inhibit the growth of entrepreneurship including the limited number of potential innovative ventures, the tax regulations concerning VC fund registration and the lack of experience in managing investment risk. The paper concludes by examining the policy implications of this work and recommending changes essential to develop the VC industry.
Keywords: venture capital; private equity; Triple Helix; NIS; national innovation systems; entrepreneurship; Thailand; tax regulations; investment risk; risk management.
International Journal of Technoentrepreneurship, 2011 Vol.2 No.3/4, pp.275 - 289
Received: 08 May 2021
Accepted: 12 May 2021
Published online: 14 Nov 2011 *