Definitions

A glossary of some key terms and definitions from the industry of science and technology parks and areas of innovation
 

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Science park

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A science park is an organisation managed by specialised professionals, whose main aim is to increase the wealth of its community by promoting the culture of innovation and the competitiveness of its associated businesses and knowledge-based institutions.
To enable these goals to be met, a Science Park stimulates and manages the flow of knowledge and technology amongst universities, R&D institutions, companies and markets; it facilitates the creation and growth of innovation-based companies through incubation and spin-off processes; and provides other value-added services together with high quality space and facilities.

The expressions “technology park”, “technopole”, “research park” and “science park” encompass a broad concept and are interchangeable within this definition. The acronym STP (science and technology park) is used to refer to all of these expressions.

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IASP
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Area of Innovation

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"Areas of innovation" are places designed and curated to attract entrepreneurial-minded people, skilled talent, knowledge-intensive businesses and investments, by developing and combining a set of infrastructural, institutional, scientific, technological, educational and social assets, together with value added services, thus enhancing sustainable economic development and prosperity with and for the community. 

There are many different models of areas of innovation (also known by the acronym AOIs)– spanning from the broader city or region model with innovation activities in different locations within the area, to more place-specific projects like innovation districts, knowledge quarters, science parks, innovation hubs and the like. As a common feature they all have a management team tasked to execute a strategy conducive to growing innovation activity in the area.

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IASP
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