Spin-offs: Walailak University’s Businesses
Walailak University has the policy to establish spin-off companies to generate income and to apply the research findings for community benefits and as solutions to social problems.
The operations of two WU spin-off companies in 2021 (2564 B.E.) were under the support of Walailak Business Incubation Center, Science and Technology Park Walailak University. Walaibiocontrol Co., Ltd. and Mangosto Co., Ltd. are registered companies from within the institution.
Walaibiocontrol was founded by WU alums, with Associate Professor Dr. Warin Intana, lecturer in the School of Agricultural Technology and Food Industry as a business consultant in manufacturing and distributing agricultural bio-products. The company uses knowledge/ innovation/ technology in selecting Trichoderma spp. to prevent plant diseases (to be used in durian, rubber tree, and grapefruit orchards, for instance). The company’s revenue in 2021 amounted to 6,094,940 baht. The company’s operations promote environmentally-friendly agriculture and raise consumer awareness of using sustainable products.
Mangosto was established by external entrepreneurs, and university alums, with Associate Professor Dr. Supranee Manurakchinakorn, lecturer at the School of Agricultural Technology and Food Industry, as a business consultant. Mangosto was the first company to have received both FDA Certification and Halal Food Standards. The company employs a technology called Modified Atmosphere Packaging or MAP to extend the shelf life of fresh precut mangosteen and retain its color and crispy texture. The company’s revenue in 2021 amounted to 453,818 baht. The company’s procedures help raise the standard of food safety products, increase product value, and generate more income for food producers.
Therefore, the university spin-offs, including Walaibiocontrol Co., Ltd. and Mangosto Co., Ltd., have applied technology developed by research to generate income and have a commercial impact. The integration of research and business adds the economic value of local products, extends business opportunities, and promotes environmentally-friendly sustainable development based on university research innovations, which go in line with the economic development of the BCG Model.
Goal 9: Industry, Innovation and Infrastructure
Goal 2: Zero Hunger
SDG 17: Partnerships for the Goals