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 ?
Alcon will handle the new 330,000 square feet facility at Tuas Biomedical Park. It produces products to address eye conditions such as glaucoma, dry eye, allergies and bacterial infections.
JTC's BioMed One @ Tuas Biomedical Park, Tower C of Fusionopolis Phase 2A, and JTC aeroSpace @ Seletar Aerospace Park are expected to be completed in 2015.
Lee Yi Shyan officiated the groundbreaking of the JTC BioMed One @ Tuas Biomedical Park today.
The JTC BioMed One forms the next phase of development for Tuas Biomedical Park (TBP), a world-class manufacturing hub for the biomedical industry in Singapore.
In JTC's portfolio are other key projects including wafer fabrication parks, business parks, Biopolis and Fusionopolis at one-north, biomedical parks as well as logistics hubs for various industries.

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