A Science and Technology Park (STP) is a subject of innovation infrastructure that promotes the development of entrepreneurship in the scientific, technical and innovation fields and creates conditions for the implementation of innovative activities by legal entities and individual entrepreneurs who are residents of the science and technology park.
The overall objective of the science and technology parks is to create favorable conditions for the formation and functioning of the innovation market.
STPs leverage the joint effort of two distinct but usually separated economies – the research economy, driven by the creation of new knowledge, and the commercial economy, driven by the marketplace – to unlock the potential of the Fourth Industrial Revolution (4IR), with the aim of promoting the development and commercialization of innovative solutions developed locally.
STPs have the potential to contribute significantly to the achievement of inclusive and sustainable industrial development (ISID), as well as other industrial-related targets of the 2030 Agenda, by promoting innovation driven economic development.
| Attachment | Size |
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| STP Module 2021 | 2.76 MB |