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Bridging Science to Economy: The Role of Science and Technologic Parks in Innovation Strategies in “Follower” Regions

Author

Listed:
  • Alexandre Almeida

    () (Faculdade de Economia, Universidade do Porto)

  • Cristina Santos

    () (Faculdade de Economia, Universidade do Porto)

  • Mário Rui Silva

    () (Faculdade de Economia, Universidade do Porto)

Abstract

The concept of Regional Innovation System (RIS) builds upon an integrated perspective of innovation, acknowledging the contribution of knowledge production subsystem, regulatory context and enterprises to a region’s innovative performance. Science and Technology parks can act as a platform to the production of knowledge and its transfer to the economy in the form of spin-offs or simple knowledge spillovers, enhanced by the co-location of R&D university centers and high technology enterprises on site. Although reflecting mainly a science push perspective, they may constitute central nodes in an infrastructural system of competitiveness that articulates other entrepreneurial location sites and bridges Universities to the economy in a more efficient and effective way, being crucial to increasing technology transfer and interchange speed, promoting the technological upgrading of the regional economy. In this paper we discuss the importance of Science and Technology Parks in the building up of a Regional Innovation System, promoting the technological intensification of the economy, a more effective knowledge transfer and sharing and the construction of competitive advantages, with particular importance in follower regions facing structural deficiencies. We oppose to the predominant closed paradigm, which understands science parks’ role in a narrow and “enclavist”, arguing in favor of an open and “integrative” paradigm where the interconnection to other infrastructures and agents boosts the park’s performance and upgrades the regional economies competitiveness infra-structures and innovation capability. We further stress the importance of science parks in signaling capabilities and hence attracting R&D external initiatives, namely, R&D FDI.

Suggested Citation

  • Alexandre Almeida & Cristina Santos & Mário Rui Silva, 2008. "Bridging Science to Economy: The Role of Science and Technologic Parks in Innovation Strategies in “Follower” Regions," FEP Working Papers 302, Universidade do Porto, Faculdade de Economia do Porto.
  • Handle: RePEc:por:fepwps:302
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    References listed on IDEAS

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    3. Phillip Phan & Donald S. Siegel & Mike Wright, 2016. "Science Parks and Incubators: Observations, Synthesis and Future Research," World Scientific Book Chapters,in: TECHNOLOGY ENTREPRENEURSHIP AND BUSINESS INCUBATION Theory • Practice • Lessons Learned, chapter 9, pages 249-272 World Scientific Publishing Co. Pte. Ltd..
    4. Kumar, Nagesh, 1996. "Intellectual property protection, market orientation and location of overseas R&D activities by multinational enterprises," World Development, Elsevier, vol. 24(4), pages 673-688, April.
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    6. Koh, Francis C. C. & Koh, Winston T. H. & Tschang, Feichin Ted, 2005. "An analytical framework for science parks and technology districts with an application to Singapore," Journal of Business Venturing, Elsevier, vol. 20(2), pages 217-239, March.
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    8. Siegel, Donald S. & Westhead, Paul & Wright, Mike, 2003. "Assessing the impact of university science parks on research productivity: exploratory firm-level evidence from the United Kingdom," International Journal of Industrial Organization, Elsevier, vol. 21(9), pages 1357-1369, November.
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    Cited by:

    1. Anna Wójcik-Karpacz & Szymon Mazurkiewicz, 2015. "Practices of Technology Parks Supporting Innovative Activities: Evidence from Poland," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 13(4 (Winter), pages 331-354.
    2. repec:mgt:youmgt:v:15:y:2017:i:1:p:23-41 is not listed on IDEAS
    3. Lukasz Puslecki & Michal Staszkow, 2015. "New Cooperation Modes: An Opportunity for Polish Biotechnological Clusters," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 13(2 (Summer), pages 171-188.
    4. Anita Zbieg & Dominik Batorski & Blazej Zak, 2016. "How to Select Change Agents in Organizations? A Comparison of the Classical and Network Approaches (Jak wybrac agentow zmian w organizacji? Porownanie metod klasycznych i sieciowych)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 14(64), pages 120-143.

    More about this item

    Keywords

    Science Parks; New technology-based firms; Innovation; Regional Policy;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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