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 ?
Over 3,500 years ago, the area which is now the science park was a coastal area, where seashells, stone tools, and pottery shards were found.
The three-storey, 5,000 sq m science park, constructed to BREEAM Excellence standards, hosts a state-of-the-art laboratory, office and workshop space, and meeting rooms - as well as a cafe where employees from across the science park and students from Bangor University can meet to share knowledge and ideas.
Consequently, a new HQ project was announced to complement Dubai Science Park's current facility in Dubailand.
Pryderi ap Rhisiart, Project Manager, Menai Science Park Ltd, said: "M-SParc, as the name implies, aims to provide a spark to not only ignite innovation and entrepreneurship across North Wales, but also to create an exciting and unique environment for companies and employees alike.
Overall 750 businesses have been based at the University of Warwick Science Park since it was created.
Now science park workers say the council has failed to capitalise on an opportunity to ease the historic problem of connecting Eastside companies to the rest of the city.
On the other hand, transformed from an obsolete, traditional industrial park into a precision machinery industry park, the Erlin Science Park is spread over a land area of 123 hectares as part of CTSP, and for machinery suppliers.
The science park, which opened in 2006, is a not-for-profit company with three governing members.
A planning committee report said: "The building is intended to build on the success of the existing science park and provide opportunities for the establishment and growth of new enterprises in association with Liverpool's John Moores university and Liverpool university.
The Silicon Border Science Park is a joint venture and is being developed in four phases.
He pays special attention to science parks as a development policy option and the extent to which this policy has been adapted in the United States and major European and Asian countries.

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