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Innovation Strategy and Targets Product Innovation Process Innovation

Open Innovation

GC recognizes high values in arranging research and development (R&D) through open innovation programs with universities, network of experts, private entities, etc. GC is aware of the current and future business opportunities that come with open innovation.

GC, therefore, has established a research and development network with external organizations, research institutes and domestic and international academic institutions, as well as, business sector to increase the channel and opportunity of accessing research of the world leading institute by participating in Research Consortium. Moreover, GC has invested in Corporate Venture Capital (CVC) for the startup companies and technology funding to research and develop on existing and new products with the focus on developing four technological groups: 1) Advanced Material, 2) Renewable/Circularity, 3) Net Zero, and 4) Industrial Digital. These are all technologies that serve both present and future context of business, society and environment in Thailand. The examples of open innovations are as follows:

For more information about investment and GC Ventures: https://www.pttgcgroup.com/en/products-and-innovations/gc-ventures

Open Innovation

GC focuses on fostering long-term collaboration with external organizations and expert networks through both direct and indirect investment in innovation to support the growth of high-value businesses.

Additionally, to enhance innovation development efficiency, the Company has developed an Innovation Hub to serve as a central platform for integrating knowledge and capabilities from its subsidiaries, alongside strengthening research and development collaboration and expanding global partnerships to systematically accelerate innovation creation and advancement. This includes expanding cooperation with subsidiaries such as allnex, NatureWorks, and EMERY in jointly developing new innovations."

GC Ventures

GC has expanded its strategic investment through the Corporate Venture Capital (CVC) model by establishing GC Ventures to identify technology and investment opportunities in key technology areas, including developing strategic collaboration programs. This encompasses both direct and indirect investments in startups and technology funds, focusing on four core technology areas: 1) Advanced Materials, 2) Renewable/Circularity, 3) Net Zero, and 4) Industrial Digital, which align with current and future business and environmental trends in Thailand.

Furthermore, the Company emphasizes creating new opportunities in businesses that align with sustainability strategies to mitigate risks and respond to climate change and technology disruption impacts by strengthening its production and service base to continuously enhance organizational capabilities.