Driving economic growth through university science parks: a case study of step, cmu

The paper highlights the role of science parks in Thailand, particularly focusing on University Science Parks like the Science and Technology Park at Chiang Mai University (STeP). It discusses the diverse categories of science parks and their contributions to innovation and economic growth. STeP's initiatives, such as the engagement with the Northern Economic Corridor (NEC) and support for medical innovation, demonstrate its pivotal role in regional development. The park's operational strategies, including inside-out, outside-in, and startup approaches, underscore its adaptability and effectiveness. Additionally, STeP's success is attributed to its competent management, extensive networking, and supportive national and university policies. Geographical proximity further enhances STeP's collaborative environment, positioning it as a leading hub for interdisciplinary innovation. Overall, STeP serves as a catalyst for economic advancement and sustainable development, embodying a holistic vision for regional growth and global innovation.