The role of STPs and areas of innovation

The role of STPs and areas of innovation

Areas of innovation, of which science, technology and research parks (STPs) are a highly specialised type, play a key role in the economic development of their environment. Through a dynamic and innovative mix of policies, programmes, quality space and facilities and high value-added services, they
  • stimulate and manage the flow of knowledge and technology between universities and companies
  • facilitate the communication between companies, entrepreneurs and technicians
  • provide environments that enhance a culture of innovation, creativity and quality
  • focus on companies and research institutions as well as on people: the entrepreneurs and ‘knowledge workers'
  • facilitate the creation of new businesses via incubation and spin-off mechanisms, and accelerate the growth of small and medium size companies
  • work in a global network that gathers many thousands of innovative companies and research institutions throughout the world, facilitating the internationalisation of their resident companies


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