Over the years, there are many collaboration and exchange programs and agreements made between universities in Thailand and those in all continents of the world. Since there are no sustainable source of funding to supports such international collaboration and exchanges programs, only a few of these agreements have actually been implemented. This new long term R.Ph.D. Project provides budget for Ph.D. students from Thailand to spend up to one year at collaborated universities abroad and some budget to support short trips of foreign professors to follow up the collaboration project in Thailand. It is visualized that, through this mechanism, there will be many more meaningful and lasting collaborations and exchanges of students and faculty between Thai universities and universities overseas over the next decades.