On May 22, 2024, Maejo University held a signing ceremony for a collaboration to develop startups and entrepreneurs in the Maejo Agricultural and Food Innovation District. The agreement was between the National Innovation Agency (Public Organization) or NIA, and Y&Archer, one of the top three largest accelerators in Korea, which was assigned by the Ministry of SMEs and Startups to facilitate cooperation in promoting startups between the Thai and Korean governments. Y&Archer will also invest in the startup development fund managed by Magrow Holding Company, Maejo University's holding company.