IIT Madras is home to India's first university-driven
Research Park, modelled along the lines of successful
Research Parks of Stanford, MIT and Harvard University.
The Graybar Innovation Lab at
Research Park also provides a unique opportunity for students to become familiar with Graybar and the wholesale distribution industry, as the innovation lab will provide full- and part-time positions for undergraduate and graduate students.
The Ameren Innovation Center will collaborate with university students and faculty and other companies across multiple industries at the
Research Park.
The new site is south of the railroad tracks that cut through the
research park, leaving the riverfront area north of the tracks undeveloped except for a UO soccer and activity field.
Building on the success of the Purdue
Research Park, the Purdue Research Foundation established the Purdue Technology Center in Merrillville.
Streeter said the initiative to create a tech
research park and incubator "will serve as the backbone of that strategic plan.
The
Research Park has served very well in connecting these industries and entrepreneurs with the vast pool of research knowledge and skill that exists across Western.
Hammond says the proposed Science Enterprise Algoma
research park promoting scientific exchange is being championed by NRCan, and is one reason DFO wanted to re-locate on the site.
This mix of university research and business entrepreneurship has been a hallmark of
Research Park since its creation in 1970, with dozens of university professors creating and launching innovative technologies from its grounds.
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The technology cluster or
research park has recently become a well-established aspect of urban development, particularly in connection with world-stage universities in London, Oxbridge, Edinburgh and in the US.
A university-related
research park is a cluster of technology-based organizations (consisting primarily of private-sector research companies but also of selected federal and state research agencies and not-for-profit research foundations) that locate on or near a university campus in order to benefit from its knowledge base and research activities.
