STIINPL › Public sector research - core policy instruments - science and technology parks
Science and technology parks are business support schemes offering infrastructure and various support services to high-tech SMEs. They tend to have formal and operational links with centres of research excellence, such as research universities or PRIs, that enable technology transfer, and are viewed as a means to create dynamic regional clusters of innovation. Although science and technology parks vary greatly in scope and size, they have become significant policy instruments for innovation policy in many OECD countries. Consequently, governments often support their creation and development through various financial and fiscal incentives.
Broadly, what activities and outcomes do science and technology parks seek to influence?
Science and technology parks seek to encourage and support the start-up and incubation of innovative, technology-based businesses through the provision of collaborative links with public sector research. Specifically, they seek to influence firms’ technological development by nurturing R&D collaboration and inter-sectoral mobility with public sector research organisations and by providing access to their facilities and expertise. In doing so, they accelerate the transfer of research findings from public sector research to markets.
How do science and technology parks have an influence?
Science and technology parks can help to overcome some of the constraints faced by high-tech SMEs, when seeking to undertake R&D efforts to launch new innovations on the market:
What factors should be considered when implementing science and technology parks?
Several factors should be considered when implementing science and technology parks:
National Research Council (2009), Understanding Research, Science and Technology Parks: Global Best Practice, Washington D.C.: National Academies Press.
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