The Triple-Helix implementation in the Thai Venture Capital industry

摘要

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.