The Federation of Thai Industries (FTI) has called on large companies and the government to support an "innovation fund", established to help small and medium-sized enterprises (SMEs) develop their businesses.
It expects the value of the fund to stand at 2 billion baht, with money to be provided equally by the government and large companies, said Supant Mongkolsuthree, acting chairman of the FTI.
"The fund is aimed specifically to help SMEs because they are a backbone of the Thai economy," he said.
