Science park
Area designed to promote science or technology business development / From Wikipedia, the free encyclopedia
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A science park (also called a "university research park", "technology park", "technopark", "technopolis", "technopole", or a "science and technology park" [STP]) is defined as being a property-based development that accommodates and fosters the growth of tenant firms and that are affiliated with a university (or a government and private research bodies) based on proximity, ownership, and/or governance.[1] This is so that knowledge can be shared, innovation promoted, technology transferred, and research outcomes progressed to viable commercial products. Science parks are also often perceived as contributing to national economic development, stimulating the formation of new high-technology firms, attracting foreign investment and promoting exports.[2]