Digital Space Economic Transformation Design: An Innovation Ecosystem Approach

Abstract

Economic development is fueled by technological innovation. The digital space economic transformation is expected to be the new economic strategy for Thailand, involving integrating the value chain of the digital and space technology domains. This research constructed a conceptual economic model via the literature review and will provide a model to be validated in design science research, which will guide policy designers and offer policy suggestions for the government in the future. The research issue is how Thailand can create an innovative environment for the digital space economy. The ecosystem construct, which serves as the study's theoretical underpinning, illustrates how an economic system comprises many sub-systems (groups of players), including institutions for education, research, innovation, governmental agencies and military, entrepreneurs, investors, and customers.