science park

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science park


business park

a cluster of firms, mainly high-technology businesses, which are located together on a purpose-built site adjacent to a university, polytechnic or some other centre of research, which facilitates the transfer of basic technology and know-how from research laboratories to commercial applications. The term is also applied more generally to embrace technology parks or technopoles (commonly found in Continental Europe), where emphasis is on attracting established research-based companies and innovation centres which cater for smaller high-technology companies.

In most countries a large proportion of the investment in science-park infrastructure and buildings is provided by the public sector as part of a wider programme to stimulate regional enterprise and promote technological advance. See RESEARCH AND DEVELOPMENT, REGIONAL POLICY, INDUSTRIAL POLICY.

science park

References in periodicals archive ?
In September, it signed two partnership agreements during the World Conference of the International Association of Science Parks (IASP).
Indeed, in 2000, the International Association of Science Parks found that 58 percent of tenant companies were relocations and expansions, with most originating from other countries.
This autumn, Skolkovo will host the 33rd World Conference of the International Association of Science Parks and Areas of Innovation.
KOM forum to focus on modern trends for STPs Muscat: Knowledge Oasis Muscat (KOM), the technical arm of the Public Establishment of Industrial Estates (PEIE), in collaboration with the International Association of Science Parks and Areas of Innovation (West Asia), will host at the Grand Hyatt Muscat on December 11, an international workshop on "Developing Science and Technology Parks (STPs)".

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