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.

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 ?
Science parks - working together - should be able to multiply the effects of targeted interventions to promote knowledge economy growth.
Representatives from M-SParc will also be presenting the latest developments in the park's progress at the UK Science Park Association annual conference in Dublin today.
Bosses at the science park say the move by Bosch underlines its position as one of the leading commercial research centres in the country.
David Hardman joined Birmingham Science Park, the UK's third oldest science park, in 2008.
Yang said that the CTSP Administration will hold two large-sized conferences on enterprise invitations in August, with the first one slated on August 8 for Advanced Research Park, and the other on August 15 for Erlin Science Park. Yang continued that Advanced Research Park, with a land area of about 15 hectares for development, is set up mainly for the cultural and creative sector and will be able to accommodate 200 enterprises in the future when fully developed.
As well as being magnets for large inward investors within knowledge-based sectors they have also acted as a major catalyst for local high technology businesses - more than 70% of the companies on UK science parks were previously located within 30 miles with two thirds of the tenant businesses being independent companies.
Silicon Border Science Park enables the rebirth of science based manufacturing on the North American Continent.
More than 40 science park incubators were nominated and Liverpool, the UK's fastest growing park, triumphed.
Technopolis is to purchase a 95.83% stake in Tampere Science Parks. The remaining shares will be held by five other shareholders, and Technopolis intends to make them a purchase offer.
* The Cabral-Dahab Science Park Management Paradigm applied to the case of Kista, Sweden.
University towns and cities such as Cambridge and Glasgow boast science parks, a commercial property answer to linking the needs of specialist companies with universities so that a conduit is created between the two to facilitate knowledge transfer.

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