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AUGUST 2017
Asian Institute of Technology
AUGUST 2017
AIT RECEIVES LARGEST-EVER CORPORATE GRANT TO ESTABLISH BANGCHAK INITIATIVE AND INNOVATION CENTER The Asian Institute of Technology (AIT) received its largest-ever single corporate grant in the form of 50 million Thai Baht to establish the Bangchak Initiative and Innovation Center at AIT (BIIC@AIT) — a venture which will serve as a living laboratory and technology business incubator. BIIC@AIT will be an entrepreneurship incubator and it will facilitate the creation of enterprises based on knowledge and innovation. An agreement signed on 25 July 2017 by Prof. Worsak Kanok-Nukulchai, President, AIT, and Mr. Chaiwat Kovavisarach, President, and CEO of Bangchak Corporation Public Company Limited (BCP), paved the way for the creation of BIIC@AIT.
“We are moving towards a new era of wonder and discovery,” remarked Mr. Chaiwat, as he stated that the mission is to groom green sustainable technology-based companies and businesses. Chairman, AIT Board of Trustees, Dr. Subin Pinkayan described the occasion as “historic.” AIT President Prof. Worsak Kanok-Nukulchai stated that the Center will promote entrepreneurship and advance knowledge-based innovation, with a focus on green sustainable technology. Prof. Worsak added that the grant of 50 million THB from BCP is the largest-ever one-time grant received by AIT from the private sector. BCP will provide 10 scholarships for Master’s students (five Thai and five international students), three doctoral and one postdoctoral scholarship (for both Thai and international students).
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