11 June 2018, Bangkok - Research & Innovation for Sustainability Center (RISC), a Bangkok-based research hub for sustainable development with a focus on well-being, an intelligence arm of the international property developer Magnolia Quality Development Corporation Limited (MQDC), has signed a memorandum of understanding (MoU) with Thailand's National Science and Technology Development Agency (NSTDA) to collaborate on developing sustainable and well-being living solutions with immediate market applications.
The agreement was signed by Assoc. Prof. Dr. Singh Intrachooto, RISC's Chief Advisor, and Dr. Thitapha Smitinont, Executive Vice President at NSTDA, at RISC's headquarters in Magnolias Ratchadamri Boulevard, central Bangkok.
"RISC and NSTDA share a commitment to developing technology that benefits humans and the planet - an approach we call 'for all well-being'," said Dr. Intrachooto.
"RISC is honored to be invited to work with a highly recognized research body such as NSTDA. We look forward to embarking on projects that leverage our teams' complementary strengths.
Preliminary discussions have revealed, for example, opportunities for collaboration in 'smart' technology to detect and reduce stress in homes and residential environments."
Dr. Smitinont from NSTDA said that the collaboration would accelerate the innovation cycle for new technology.
"We are excited about working with RISC as its team can offer private-sector expertise in finding solutions for real-world challenges and in bringing innovations swiftly to market that can enhance sustainability and well-being," she said.
"Through RISC's work for the property developer MQDC, its researchers are adept in providing consumer insights and offering consumer benefits through new technologies for well-being and sustainability, such as indoor air quality monitoring systems or energy-efficiency awareness systems, etc."
The MoU has a projected scope of 5 years and is expected to lead to further agreements covering specific areas of collaboration, focusing on sustainability and well-being living solutions.