The Value of Networks in Hong Kong Science and Technology Parks: An Empirical Study on Network Linkages

Formal and informal networking is part of the intangible infrastructure of science and technology parks, but unlike the physical infrastructure more difficult to assess in terms of quality, dynamic and value-added created. Based on a literature review as well as qualitative interviews among selected partner companies in the Hong Kong Science and Technology Parks, this paper discusses the value of networking as perceived by the companies and the role of the science park management as facilitator in nurturing a networking environment. The interviewees contribute examples of local, regional and international networking activities including suggestions on how networks could be strengthened. Understanding and leveraging the dynamic of networks increases the relational capital, which is part of the value creation through a science park.