Science and Technology Parks: a study of value creation for park tenants
The literature on Science and Technology Parks (STPs) is growing rapidly and, despite the positive impact of STPs on firms found by many studies, it remains unclear how STPs create value for tenants. In this paper, we study the STP supply side through a case study in a Swedish region. We identify two components of the business support provided by parks: a configuration-oriented component, and a process-oriented component. The former refers to the static design of the business support, and the latter to the active, hands-on support provided by parks’ management. Both components must be planned carefully in order to deliver value to tenants. We also discuss some implications for policy and managers.
KeywordsScience and Technology Parks Agglomerations Added-value Entrepreneurship Innovation
JEL ClassificationO3 R1
The authors want to thank all the interviewees, especially Sten Gunnar Johansson, Åke Rolf and Christian Berger for their precious time. A previous version of this paper has been presented to the Triple Helix IX International Conference at Stanford University in 2011. The authors thank the participants to the conference for their useful comments. Alberto Albahari wants to acknowledge funding from the University of Malaga for carrying out the research staying in Sweden and for attending the conference.
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