manufacture of a wider range of specialty products. The Center’s ongoing R&D and innovation projects and those in the pipeline is worth up to Baht 450 million, spread out across various stages of completion and time lines. 2. Innovation to Incubation The R&D and innovation efforts to identify New S-curve products, building on other existing commercialized products to create new business opportunities. The IRPC Innovation Center manages this group of products specifically through the De Novo Research R&D program, to monitor and assess potential New S-curve products at the Proof of Concept phase. Should the proof of concept prove to be successful, the R&D projects move forward to the sandbox phase, where the prototypes are subjected to pre-commercialization testing under real-world market conditions and a learning process within new business ecosystems, unencumbered by inherent limitations of existing businesses to ensure that innovations are brought to the market effectively, creating new businesses for the Company. There are currently 3 projects in the sandbox phase: Conductive Ink, 3D Printing and Technology Enablement for Solar Energy, undertaken in close collaboration between R&D, Sales and Marketing, and Business Development departments under the Design Thinking concept to generate a constant stream of new ideas. All innovation projects will be implemented through an open innovation and technology investment strategy to fast-track R&D process and reduce risks associated with bringing new products to commercial production by collaborating with leading domestic and foreign research institutions, including Vidyasirimedhi Institute (VISTEC), Japan Advanced Institute of Science and Technology (JAIST) and companies within PTT Group, etc., in addition to investments in startups that offer technologies that align with the Company’s strategy. 127 Business-driven sustainability IRPC PUBLIC COMPANY LIMITED
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