The Spin-Off Companies Leveraging Intellectual Property
WU, through the Business Incubation Center under the Science and Technology Park, actively fosters the creation of spin-off companies that leverage university-developed technologies to address societal challenges and generate income. By fiscal year 2024, WU had established seven such spin-off companies, including notable ventures like Walai Biocontrol Co., Ltd., which secured significant funding from the National Innovation Agency for its bioproduct services. These initiatives not only contribute to sustainable economic growth but also reinforce WU’s role as an innovation hub, bridging the gap between academia and industry.
Spin-Off Companies Overview
By fiscal year, WU has established a total of seven active spin-off companies, with one new addition being Walai Trichoplus Co., Ltd. launched in the most recent year. In 2023, four companies were additionally founded: Plankton WU Co., Ltd., Lakwalai Biotic Co., Ltd., Oxakin Innotech Co., Ltd., and Chanchao Herb and Beauty Limited Partnership. Meanwhile, in 2022, two companies were estabished: Walai Biocontrol Co., Ltd. and Mangusto Co., Ltd. These are defined as registered companies, set-up to exploit intellectual property that has originated from within the institution. Also, they still be active and have been established at least 3 years ago.
Notable Spin-Off: Walai Biocontrol Co., Ltd.
A standout example is Walai Biocontrol Co., Ltd., a venture from the School of Agricultural Technology and Food Industry, led by Assoc. Prof. Dr. Warin Intana. Since its establishment in 2020, the company has produced and distributed agricultural bioproducts, earning the prestigious AABI Torch Entrepreneur Award for Technology Transfer in 2022 from the Asian Association of Business Incubation.
In 2024, Walaibiocontrol co., ltd. secured 1,460,000 baht from the National Agency under the Market Expansion Project in the Southern Economic Corridor. This funding supports the project Bioproduct Services for Pest Control ‘Walai Tricho-009’ in Safe Agriculture Systems, driving innovative business growth.
Driving Economic and Sustainable Development
By transforming research-derived technologies into commercial venture, WU not only generates income but also fosters sustainable development. These spin-offs effectively leverage intellectual property, enhancing the university’s economic value while addressing societal needs and creating lasting benefits for the higher education ecosystem.
Goal 9: Industry, Innovation and Infrastructure