Bangkok-based Space Technology Company mu Space Receives BOI Highest-Rank Investment Incentives

Apr 2021

Thailand’s space technology company mu Space has secured the highest incentives available from the Thailand Board of Investment (BOI). Founded in 2017, the company develops satellite communication technologies and plans to launch its self-developed satellite and space technology.

BOI’s incentives and privileges will facilitate cost saving (raw materials and tax exemption), knowledge management, and talent creation, along with accelerated business growth. BOI incentives will also help the development of the country’s economy and aerospace sector.  “Our plan in the recent 3-5 years is generating thousands of highly paid jobs, raising higher payments for talents in the new technology circle, and boosting more trading within the community. We hope to eventually establish a high technology ecosystem that attracts people’s attention and interest in technology”, said mu Space’s founder and CEO, James Varayuth Yenbamroong.

mu space team is currently developing a Space Internet Data Center (IDC). The company is also expanding its operations to a new factory (size M) which is ten times bigger than its original one and helps increase production capacity, using 3D Printer, CNC Machine, Robotic Arms, Attitude Control Test Bed, Air Bearing, Helmholtz Cage, and Sun Simulator.

(Sources: mu Space; Bangkok Post)

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