Supporting, Promoting, and Advancing Research on Processed Herbal Raw Materials to Elevate Thailand’s Health and Beauty Industry to the Global Market
On 18 May 2023, Mr. Natchaphon Somrak, Director of Technopreneur International Business Developer Co., Ltd. (TIBD), and Mr. Wuttipong Panitsettakorn, Managing Director of VISBIO Co., Ltd., jointly signed a Memorandum of Understanding (MOU) with Kasetsart University, implemented through the Faculty of Science. The agreement was represented by Associate Professor Apisit Songsasen, Dean of the Faculty of Science, Kasetsart University, acting as the authorized representative.
This Memorandum of Understanding aims to enhance the competitiveness of Thailand’s health and beauty industry in the global market. The strategic collaboration among Technopreneur International Business Developer Co., Ltd. (TIBD), VISBIO Co., Ltd. (VISBIO), and Kasetsart University—through the Faculty of Science—creates valuable opportunities for the exchange of knowledge and technology. The partnership places strong emphasis on advanced research in biochemistry and molecular biology, enabling the development of high-quality and high-efficacy herbal extracts and processed raw materials. These efforts will support the production of cosmetics, dietary supplements, and herbal products that meet the growing demands of the global health and beauty market.
In addition, the parties have entered into agreements to jointly conduct research and development on value chain enhancement and supply chain integration within the health and beauty industry. In-depth research into value chain dynamics and supply chain linkages will enable a comprehensive understanding and assessment of value creation across all stages of production—from raw material selection and processing to manufacturing, distribution, and consumption.
Research activities under this collaboration will utilize advanced scientific instruments and methodologies to conduct experimentation, analysis, and evaluation of biological properties, nutritional value, efficacy, and safety. The outcomes of these studies will be applied to targeted product categories to ensure both effectiveness and consumer safety.
Furthermore, the collaboration between the companies and the university serves as a platform for training and developing human resources within the health and beauty industry. By leveraging academic expertise in science and research, the partnership supports the development of innovative products and solutions that directly respond to market needs. This approach will contribute to value creation and the elevation of Thailand’s health and beauty industry to an international level.
Technopreneur International Business Developer Co., Ltd. (TIBD) and VISBIO Co., Ltd. (VISBIO) are committed to advancing innovation and building consumer confidence in high-value, high-performance products. This commitment will help establish a strong customer base and foster recognition in both domestic and international markets.
This Memorandum of Understanding marks a significant starting point in the advancement of Thailand’s health and beauty industry. It is expected to position Thailand as a leader in innovation and the development of high-value products within the health and beauty sector, while also promoting the effective translation of scientific research into practical industrial applications.
