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Saturday, December 21, 2024

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Science and Technology Parks are the perfect habitat for businesses and institutions of the global knowledge economy.

Science & Technology Parks promote the economic development and competitiveness of regions and cities by:

• Creating new business opportunities and adding value to mature companies

• Fostering entrepreneurship and incubating new innovative companies

• Generating knowledge-based jobs

• Building attractive spaces for the emerging knowledge workers

• Enhancing the synergy between universities and companies.

General definition (IASP definition)

A science park is an organization managed by specialized professionals, whose main aim is to increase the wealth of its community by promoting the culture of innovation and the competitiveness of its associated business and knowledge based institutions.

To enable these goals to be met, a Science Park simulates and manages the flow of knowledge and technology amongst universities, R&D institutions, companies and markets; it facilitates the creation and growth of innovation-based companies through incubation and spin-off processes; and provides other value added services together with high quality and facilities.