1. Ktisis Cyprus University of Technology

Increasing Knowledge Transfer and Innovation in the Mediterranean Area

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Primary Data

Project title
Increasing Knowledge Transfer and Innovation in the Mediterranean Area
Budget
€1,851,000
Code
IKTIMED
Project Coordinator
Status
Closed Project
Start date
01-04-2010
Expected Completion
31-05-2013
 
Funding Program
European Union, STC Programme MED

Description

Abstract
The IKTIMED project promotes “an innovative integrated approach for the MED area aimed at improving the openness of the Mediterranean territories innovation systems, through the setting-up of new modalities of cooperation among research centres, the public sector and enterprises”. Based on the experience of IKTIMED, we have analyzed the status of innovation in another continent, Asia, focusing on the remarkable example of startup and fintech development in Thailand and explaining the reasons of its success. In recent years, Thailand has created a sound start-up ecosystem with the support of the government, who has announced the creation of a 20-billion-baht fund ($573 million) to support existing 2,500 start-up companies to accelerate innovation, along with the plan to increase the number of startups from 2,500 to 10,000 by 2018. In this context an important actor appear in Thailand trading market : IQ Option broker, the best solution for Thai online traders.