The project aim to provide technological infrastructure and digital innovation services, to develop IoT tools and intelligent systems for small businesses, promote and pass on knowledge about digital technology, encourage the creation of new IOT-based enterprises, develop IoT-business skills and understanding, and offer consulting and corporate matches between private sector and startups which stimulate economic growth of the country.
It is located in the Digital Park Thailand and covers 60,000 sqm (30 rai). It was established to promote and support the S-Curve industry, which will boost competitiveness and propel the country's digital transformation. The 5G lab, cloud innovation lab, AI design lab, and data analytics center will take up roughly 60% of the space.
In addition, IoT Institute is expected to offer the necessary infrastructure, the digital ecosystem, and corporate matching services between large-scale tech companies and start-up companies (automotive, electronics, food, robotics, hardware, software, telecom, digital service, and content and data). Any investor shall also be eligible for BOI and DEPA services, such as corporate and personal income tax exemptions and Smart VISA for foreign employees.
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