Abstract :
This paper shows that by bringing academics and entrepreneurs together, science parks can stimulate both innovation and the local economy. A research science park begins with an institutional anchor, such as a university or a government research facility. Next comes the park itself, a commercial annex in which fledgling technology companies can feed on the support, direct and indirect, that the anchor and outside investors may provide. Commercial and scientific expertise can thus be brought together to speed the migration of new ideas from the laboratory to the market.
