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Science and technology parks: an annotated and analytical literature review

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Abstract

This paper summarizes the extant literature on science and technology parks in an effort to provide a foundation to stimulate additional research in this globally important topic. We find from our review of published scholarship over the past 30 years that attention to science and technology parks has indeed increased, but it has not yet exploded. We also find that the current distribution of the country focus of this research is skewed toward China, the United Kingdom, Spain, and the United States. Emphasis on studies related to UK and US parks has been primarily due to data availability; in China and Spain the emphasis has been primarily on case studies.

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Notes

  1. See, http://www.unesco.org/new/en/natural-sciences/science-technology/university-industry-partnerships/science-and-technology-park-governance/concept-and-definition/.

  2. See, http://www.iasp.ws/knowledge-bites.

  3. See, http://www.ukspa.org.uk/our-sector.

  4. See, http://www.aurp.net/what-is-a-research-park.

  5. Our effort to summarize the works and findings of the scholars listed in the “Appendix” table in a few sentences is without question an over-simplification of their due diligence. Our sincere apology if we have overstated or understated any key findings. Such was completely unintentional.

  6. Any omissions to the table in the “Appendix” are unintentional. We relied on references in other papers and on Internet searches to assemble the table. That approach to identifying the literature is biased against us finding all relevant book chapters and books. We hope that our review will stimulate others to expand on this literature review and to develop a taxonomy that characterizes it.

  7. Future reviews might well construct alternative categories.

  8. Some case studies relate to parks in different countries, some literature reviews are not country specific, and those publications related to evaluation methods are not country specific.

  9. This finding holds for empirical as well as case study publication.

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Correspondence to Kelsi G. Hobbs.

Appendix: Literature related to science and technology parks (authors listed alphabetically)

Appendix: Literature related to science and technology parks (authors listed alphabetically)

Author(s)

Category of study

Country(ies)

Findings

Albahari et al. (2013b)

Empirical

Spain

Finds that the more involved a university is in management of the park the more slowly firms move innovations to market products. Involvement is positively related to the propensity of firms to apply for patents; involvement does not affect the propensity of firms to cooperate with the university nor with the amount of R&D funding from the university

Albahari et al. (2010)

Literature review

Italy

Spain

Literature review of the role that science and technology parks play in supporting R&D activities in both public research firms and other organizations

Albahari et al. (2013a)

Empirical

Spain

Analysis of Spanish science and technology parks. Finds that involvement of a university in the STP has a negative effect on tenant innovation sales but a positive effect on the number of patent applications

Bakouros et al. (2002)

Case study

Greece

Case study of three science parks in Greece. Appear to be no research synergies between the university and the park tenants in any of the parks

Carvalho (2009)

Case study

Portugal

Case study of the challenges that face new science and technology parks as reflected in the challenges faced by AvePark in Guimarães, Portugal

Chan et al. (2010)

Case study

South Africa

Case study of the Innovation Hub in Pretoria, South Africa. The conclusion is that the innovative performance of in-park firms and off-park firms is not different

Chan and Lau (2005)

Evaluation methods

China

Using a set of evaluation criteria, data from six technology start-ups in the Hong Kong Science Park are studied. Findings do not support the claim that incubators are effective in the development process for firms

Chen et al. (2013)

Case study

China

History of the development of Hsinchu Science Park in China over the past 30 years

Chou (2007)

Case study

Taiwan

International, national, and subnational forces caused a polycentric development of the Hsinchu science-based industrial park in Taiwan, which in turn has led to governance issues in the region

Dabrowska (2011)

Evaluation methods

Proposes a matrix of indicators to measure performance of science parks in order to create consistency in science park evaluations

Díez-Vial and Fernández-Olmos (2015)

Empirical

Spain

Shows that firms located on or near science and technology parks in Spain benefit the most from their location if they have had previous cooperative research agreements with universities and their research institutions

Díez-Vial and Montoro-Sánchez (2016)

Case study

Spain

Case study of firms in the Madrid Science Park in Spain finds firms that pursue formal agreements and informal interactions with the university tend to increase their innovative capacity, while firms that focus on their internal knowledge network tend to increase their innovative outputs

Druilhe and Garnsey (2000)

Case study

France

UK

Comparative case study of the birth and growth of Cambridge (UK) and Grenoble (France) high-tech centers

Edgington (2008)

Case study

Japan

Case study of the history of the Kyoto Research Park in Japan and the park’s current relationship with regional and local innovation systems

Eto (2005)

Theoretical

Japan

Identified cultural differences between the administration and businesses world and the science and technology (ST) world as a reason for Japan’s successful outcomes of science and technology policy toward parks

Feldman (2007)

Case study

Sweden

Explores the political and economic origins of the science park in Linköping, Sweden. Generalizes that growth projects like science parks build on coalitions and networks that are focused on linking together innovative, political, and financial resources

Ferguson and Olofsson (2004)

Empirical

Sweden

Using matched pairs of firms, there do not appear to be any performance differences between on-park and off-park firms

Fikirkoca and Saritas (2012)

Case study

Turkey

Case study of the science park at Ankara University in Turkey. Discusses factors associated with the success of the park and concludes that the park has built itself by leveraging complementary resources

Fu (2016)

Case study

China

Case study of Tianhe Software Park (TSP) in Guangzhou, China, that chronicles the start-up stories of entrepreneurs that clustered in the park

Fukugawa (2006)

Empirical

Japan

Examines matched-pairs of firms on and off of Japanese parks and concludes that research linkages are more likely formed with universities if firms are on a park than off of a park

Fukugawa (2015)

Empirical

Japan

Shows, using data on Japanese science parks with incubators, that research cooperation with universities is positively related to whether the managers of the incubators have a broad scope of professional experiences

Gibson et al. (2012)

Theoretical

Suggests that the impact of a park on the local economy can best be understood in terms of the core activities of firms on the park and their inter-relationships

Gkypali et al. (2016)

Empirical

Greece

Argues that a latent knowledge production function is a useful tool for evaluating the performance of science and technology parks in terms of their regional impacts

Goldstein and Luger (1990)

Empirical

US

Based on a comparison of university-based and non-university based parks in the United States, concludes that a firm’s decision about the type of park in which to locate is based on the firm’s linkages to the university

Goldstein and Luger (1992)

Theoretical

US

Discussion of conditions, such as firm spinoffs, that are necessary for a park to have a positive impact on regional development. Conclusions based on a study of US parks

Gower and Harris (1994)

Empirical

UK

Examines sources of funding and investment dollars for UK science parks. Concludes from descriptive analysis that public sector support is the dominant source of funding

Guadix et al. (2016)

Theoretical

Spain

Based on characteristics of parks in Spain, models are suggested for identifying park strategies that lead to successful parks

Guo and Verdini (2015)

Case study

China

Firms locate in Cuiping Technology and Innovation Park in China mainly because of incentives such as tax subsidies and land support; of secondary consideration is the availability of human capital, infrastructure, and facilities

Guy (1996a)

Case study

UK

Overviews the formation and growth of Aston Science Park in the UK

Guy (1996b)

Case study

UK

Case study of the Oxford Science Park in the UK with an emphasis on how it has maintained linkages between the university and industry

Hansson et al. (2005)

Case study

Denmark

UK

Two case studies. One was Symbion, a traditional science park near Copenhagen, and the other was the park at the University of Newcastle. Compares and contrasts, based on interviews, growth strategies of the parks

Hommen et al. (2006)

Case study

Sweden

Case study of the historical development of the growth of the Mjärdevi Science Park in Sweden

Huibing and Nengli (2005)

Theoretical

China

Offers a retrospective look at the development of China’s science parks and argues that a strategy is needed in China for developing high-tech clusters

Jongwanich et al. (2014)

Empirical

China

Analysis of data shows that science parks have a positive impact on regional patenting and have acted as a stimulus to coordinating collaborative R&D efforts among firms

Joseph (1994)

Theoretical

Australia

Drawing on lessons learned about parks from the literature, an argument is set forth that parks should not be evaluated in terms of being just another element within a linear model of innovation. New evaluation methods are needed

Kharabsheh (2012)

Empirical

Australia

Based on interviews, key managerial characteristics associated with the success of technology parks are identified

Lai and Shyu (2005)

Case study

China

Taiwan

Case study compares the innovation capacity of Zhangjiang High-Tech Park in China with the Hsinchu Science-based Industrial Park in Taiwan. Differences between the parks are found in research infrastructure and clusters

Lamperti et al. (2015)

Empirical

Italy

An analysis of on-park and off-park firms finds that location on a park is associated with more innovation and more investments in R&D, while location is not associated with the growth of firms

Larsen (2004)

Case study

Finland

Sweden

Case study of two parks: Hermia in Tampere, Finland, and Kista Science City in Stockholm, Sweden. Drivers promoting better environmental management are identified

Leyden et al. (2008)

Theoretical

Model of park growth is developed under the assumption that parks invite firms to join a park based on their potential spillover benefits (i.e., knowledge spillover benefits) to existing park firms

Liberati et al. (2016)

Empirical

Italy

Analysis shows that firms entering a science and technology park did not generally improve their propensity to innovate when compared to being outside of the parks

Lindelöf and Löfsten (2003, 2004)

Empirical

Sweden

On-park and off-park firms view performance differently. On-park firms emphasize innovation and market measures (i.e., profitability) more so than off-park firms

Link (1995)

Case study

US

Case study of the early history of establishing Research Triangle Park in North Carolina

Link (2002)

Case study

US

Case study of the growth of Research Triangle Park in North Carolina

Link and Scott (2003a)

Empirical

US

Relies on the history of Research Triangle Park in North Carolina to illustrate the growth in tenants and employees in the park over time

Link and Scott (2003b)

Empirical

US

Analysis shows that the growth of park formations follows a Gompertz survival-time model; formal park-university relationships lead to increased university publication and patenting activity, greater extramural funding success, and enhanced ability to hire preeminent scholars

Link and Scott (2005)

Empirical

US

Examines the determinants of spin-off companies from university research parks. Findings are that the propensity is greater in older parks and in parks that are associated with richer university research environments

Link and Scott (2006)

Empirical

US

Develops a model to describe the growth, or productivity, of research parks. Findings are that parks closer to the university, operated by a private organization, and with a specific technology focus grow faster than average

Link and Scott (2007)

Literature review

Reviews the literature on science and technology parks to date and outlines an agenda for additional theoretical and empirical research on this topic

Link and Scott (2015)

Literature review

Updates the literature review in Link and Scott (2007)

Malairaja and Zawdie (2008)

Empirical

Malaysia

Matched pairs study shows that on-park firms have more research links with universities than off-park firms

Massey and Wield (1992)

Evaluation methods

Suggests that because the outcomes of science parks are so varied, no generalizations are possible about park success

Millar et al. (2005)

Theoretical

China

Identifies potential role of the state in pursuing the creation of technology districts, and outlines implications of these roles for what the authors refer to as China’s “social market economy”

Motohashi (2013)

Empirical

China

Identifies the determinants of start-up firms in the Tsinghua Science Park in Beijing, China. Findings are that when firms’ innovations are grounded in their own competitive advantage they perform better than firms that engage in formal R&D collaboration with the university in the absence of such advantage

Nahm (2000)

Case study

South Korea

Provides an overview of the science park movement in South Korea and examines the history, present, and future of the Digital Media City in Seoul, South Korea

Phan et al. (2005)

Literature review

Review of the papers in a special issue of Journal of Business Venturing on science parks

Phillimore (1999)

Case study

Australia

Case study of the Western Australian Technology Park. Presents a taxonomy of how firms interact within the park

Quéré (1989)

Case study

France

Presents an historical trace of the development of technopoles in France

Qunitas et al. (1992)

Literature review

UK

Examines the empirical literature on science parks relevant to the UK and concludes that the evidence does not support the contention that parks create linkages between academic research and industrial activity

Robertson (2007)

Case study

UK

Case study of public sector involvement in the creation of Genetic Knowledge Parks in the UK for the purpose of systematically integrating new genetics and genomics knowledge to develop new treatments and services

Russel and Moss (1989)

Theoretical

Makes recommendations for planning science parks in developing countries or in developing areas of developed countries

Rychev (1993)

Case study

Russia

Case study of Moscow University’s Science Park and how the park has affected innovative activity in the country

Salvador (2011)

Case study

Italy

Case study of incubators and science and technology parks located in Turin, Italy. Concludes that lack of funding and lack of managerial experience are drivers for the lack of success in these parks

Shearmur and Doloreux (2000)

Empirical

Canada

Analysis of Canadian parks show that there is no link between the opening of a science park and employment growth in the regional high-tech sectors

Shin (2011)

Case study

South Korea

Overviews the development of Daeduck Science Park in Taejon, South Korea

Siegel et al. (2003a)

Empirical

UK

Matched pairs study of on-park and off-park UK firms. Research productivity of on-park firms greater than that of off-park firms

Siegel et al. (2003b)

Literature review

UK

Reviews recent evidence comparing the performance of firms located on- and off- science parks in the UK

Simmie and James (1986)

Theoretical

UK

Argues that innovation does not lead to long waves of economic growth and therefore the failure of employment outcomes at UK science parks was to be expected

Sofouli and Vonortas (2007)

Case study

Greece

Case study of the development and growth of science and technology parks and business incubators in Greece

Squicciarini (2009)

Empirical

Finland

Finds that the innovative performance of firms located inside a science park is greater due to knowledge spillovers

Sutherland (2005)

Case study

China

Case study of the development of China’s strategy to develop science parks and business incubators in pursuit of institutional reform of its innovation system

Vaidyanathan (2008)

Case study

India

Case study of the institutional history of technology parks in India

Vásquez-Urriago et al. (2014)

Empirical

Spain

Analyzes the positive impact for firms located on Spanish science and technology parks in terms of the firms’ ability to achieve product innovations

Vásquez-Urriago et al. (2016)

Empirical

Spain

Analysis shows that when firms locate in a science and technology park the likelihood of cooperation for innovation increases

Vedovello (1997)

Case study

UK

Case study of Surrey Research Park in the UK. The park has facilitated informal, but not formal, university–industry linkages

Wang and Liu (2009)

Empirical

Taiwan

Analysis shows that public R&D subsidies substitute for private R&D investments among firms in the Hsinchu Science‐based Industrial Park in Taiwan

Watkins-Mathys and Foster (2006)

Empirical

China

Analysis of the performance of hi-tech companies situated on science and technology industry parks and those located outside of such parks. Based on interviews and focus groups in the Beijing and Shanghai areas. Findings are that being located in a regional industry cluster (in or outside a park), networking opportunities, entrepreneurial skills, and access to more financial sources and capital are essential for commercializing new technologies

Wessner (1999)

Case study

US

Overviews the background associated with Sandia National Laboratory’s Science and Technology Park

Westhead (1995), Westhead and Cowling (1995), Westhead and Storey (1994, 1997), Westhead et al. (1995)

Empirical

UK

Matched pair comparison of on-park and off-park UK firm performance. Findings from the collection of papers are that the survival rate of on-park firms is greater than that of off-park firms

Westhead (1997)

Empirical

UK

On-park UK firms do not directly invest more in R&D than off-park firms, nor do they record higher levels of technology diffusion

Westhead and Batstone (1998)

Empirical

UK

Location on a UK science and technology park is driven by the firm’s need to acquire research facilities and scientists at the university

Westhead and Batstone (1999)

Empirical

UK

Both managed and non-managed park firms appreciate the benefits of locating on a park; however, there are more perks provided to managed than non-managed park firms

Westhead et al. (2000)

Empirical

UK

Finds that the UK science parks make a contribution to both wealth creation and job growth

Yang and Lee (2000)

Empirical

Taiwan

Study of firms in Hsinchu Science Park, Taiwan. Availability and use of human capital has been critical for the growth of the park

Zeng et al. (2010)

Case study

China

Case study of the development of Qingdao Science Park in China

Zhang and Wu (2012)

Case study

China

Case study of Zhangjiang High-Tech Park in Shanghai, China. History of the park shows that the state action was critical in the initial stage of biotech concentration in the park; latter stage biotech development has been encouraged to become integrated with the global flows of knowledge

Zhou (2005)

Case study

China

Traces the institutional evolution of Zhongguancun Science Park in Beijing, China

Zhu and Tann (2012)

Case study

China

Discusses development of Zhongguancun Science Park in Beijing, China

Zou and Zhao (2014)

Case study

China

Case study of Tsignhua University Science Park (TusPark) in China. History shows that the success of TusPark depends on its entrepreneurial leadership to promote technology commercialization, innovative activities, and regional economic growth

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Hobbs, K.G., Link, A.N. & Scott, J.T. Science and technology parks: an annotated and analytical literature review. J Technol Transf 42, 957–976 (2017). https://doi.org/10.1007/s10961-016-9522-3

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