science park

(redirected from Biotech park)
Also found in: Dictionary, Encyclopedia.

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.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

science park

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
The Taiwan biotech park is the company's second major investment item; its operational mode is similar to the "biotech takeoff diamond action program" of the Taiwanese government.
The county has since applied for $225 million from the state for a proposed biotech park at the Coliseum property and the state has approved an $5 million grant to pay for two parking garages at the site, which frees up at least 19 acres for more development.
Considering the vital economic role of science and technology in Central Massachusetts, home of UMass Memorial Medical Center, UMass Medical School, WPI, David Clark and BioTech Park, among other employers, she felt there was a need that wasn't being met.
Discussing Amgen's future plans at the biotech park and the potential of expanding regional presence, Hoffman expressed interest in clinical research, and developing clinical trials in collaboration with DuBiotech and clinical research organisations (CROs).
"This confluence of activity is a fabulous opportunity to build our research program and create a biotech park that competes with places like Research Triangle in North Carolina," said Krugman.
He said what was done with past projects such as the Centrum, Biotech Park, and Gateway Park can be done with the Wyman-Gordon property.
biotech venture capital fund and introduce foreign cutting-edge biotech technologies into Taiwan, rather than the development of biotech park, said Johnsee Lee, chairman of Taiwan Bio Industry Organization, yesterday (July 4).
In 2002, complaining about earlier acquisitions by the medical school in the biotech park, Philip P.
We could have had a disinterested owner at the biotech park, a disinterested city manager, and we could have had a university that said the hell with it.