Toward Effective Policies for Innovation Financing in Asia

The current financial crisis has made it difficult for firms to access financial resources during the early stages of business development, and this has aggravated economic conditions. The question of how to support innovations and innovative businesses in the midst of a global financial crisis has become an urgent and timely issue.

This project aims to help the newly industrializing Asian economies grow and development by proposing policies that promote the long-term viability and competitiveness of small and medium enterprises (SMEs). Researchers will undertake a comparative study of innovation financing schemes in Malaysia, Singapore, Taiwan and Thailand. The research will focus on venture capital financing schemes, research and development (R&D) tax incentives, loan and grant programs, capital market rules/regulations, etc. The project will endeavor to exert policy influence by publishing policy briefs and organizing public forums in collaboration with Thailand's National Science, Technology and Innovation Policy Office (NSTIPO) and Malaysia's Ministry of Science, Technology and Innovation (MOSTI). NSTIPO is currently revising Thailand's 10-year National Science and Technology Strategic Plan and is interested in using the project outputs to inform the process. The same situation obtains in Malaysia, where a new Science and Technology Master Plan is being drafted.

Project ID


Project status


Start Date

Wednesday, February 10, 2010

End Date

Friday, September 21, 2012


24 months

IDRC Officer

Osir, Ellie Onyango

Total funding

CA$ 309,900


Central Asia, Far East Asia, South Asia, Malaysia, Thailand, Taiwan, Singapore


Networked Economies

Project Leader

Jarunee Wonglimpiyarat


Thammasat University

Institution Country


Institution Website