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What is Technology Park

Chapter 109
Encyclopedia of Organizational Knowledge, Administration, and Technology
A landscaped development usually comprising of high specification office space as well as residential and retail developments, designed to encourage localization of high technology companies operating in related sectors such as information technology, software development, etc., thereby giving each the benefit of economies of scale and location.
Published in Chapter:
Knowledge in Science and Technology Parks
Ricardo Martinez-Canas (University of Castilla-La Mancha, Spain), Pablo Ruiz-Palomino (University of Castilla-La Mancha, Spain), and Maria Angeles Garcia-Haro (Open University of Cataluña, Spain)
Copyright: © 2021 |Pages: 11
DOI: 10.4018/978-1-7998-3473-1.ch109
Abstract
Science and technology parks (STPs) are considered as a kind of public-private partnerships designed to increase regional wealth and technology start-ups growth in developed and/or in developing regions. The main aim of these institutions is to reproduce the successful factors of regional phenomena such as Silicon Valley or Boston's Route 128. These institutions are focused on fostering knowledge flows, mainly among tenant institutions, as well as between tenants and nearby external institutions. The main objective of this chapter is to shed some light in the role of STPs as specialized institutions leveraging knowledge creation and diffusion. First, the origin and evolution are analyzed. Second, the evolution and typology of models of STPs are showed. Finally, conclusions and future research directions will be proposed
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