Local Start-Up Assistance on Red Palm Oil
WU continues to support local startups of financially and socially sustainable businesses through the Walailak Business Incubation Center (WIC), providing knowledge, technology, and resources to promote financially and socially sustainable enterprises.
Sustaining Momentum
Building on the ongoing projects from previous years, WU remains dedicated to empowering community-driven businesses and designed to meet Thai FDA/GMP standards by offering:
Training & Mentorship – Expert-led programs in marketing, finance, and business sustainability.
Collaboration & Networking – Expanding partnerships with government agencies and private stakeholders.
Access to University Resources – Free use of office spaces, high-speed internet, lab equipmentand online tools.
Expanding Impact
In 2024, The University extended its support to the red palm oil industry, focusing on improving production efficiency and market expansion. Collaborating with the Oil Fuel Fund Office (OFFO) and stakeholders, WU helps agribusinesses adapt to evolving biofuel subsidy policies.
A key initiative included a knowledge exchange program in Trang Province, where researchers and policymakers engaged with local red palm oil producers to:
– Assess economic and technological readiness to reduce reliance on subsidies.
– Enhance value-added production with WU microwave technology, preserving nutrients and cutting costs.
– Expand business opportunities beyond biofuels into health products, cosmetics, and supplements.
Expanding Impact
The efforts in 2024 have been made to further diversify red palm oil applications, leading to the development of various new products, including soft gel capsules infused with herbal extracts, jellies for the elderly, children’s vitamins, bio-based margarine, as well as applications in pet food, chicken feed, and cattle feed.
Goal 1: No Poverty
Goal 4: Quality education
Goal 17: Partnerships for the Goals