Science park
AREA DESIGNED TO PROMOTE SCIENCE OR TECHNOLOGY BUSINESS DEVELOPMENT
Science parks; Technology park; Science Park; Biomedical park; AURP-Association of University Research Parks; Biotech park; International Association of Science Parks; Technology software park; Science and technology park; Technological park; Scientific park; Research campus; Association of University Research Parks
A science park (also called a "university research park", "technology park”, "technopark", “technopole", or a "science and technology park" (STP)) is defined as being a property-based development that accommodates and fosters the growth of tenant firms and that is affiliated with a university (or a government and private research bodies) based on proximity, ownership, and/or governance. This is so that knowledge can be shared, innovation promoted, technology transferred, and research outcomes progressed to viable commercial products.