Science park
A science park, also referred to as a research park, technology park, technopark, technopolis, technopole, or a science and technology park (STP), is a property-based development that accommodates and fosters the growth of tenant firms. These parks are affiliated with a university, government, or private research body based on proximity, ownership, and/or governance. The primary objective of this affiliation is to facilitate the exchange of knowledge, promote innovation, transfer technology, and progress research outcomes to viable commercial products. Science parks are also often perceived as contributing to national economic development, stimulating the formation of new high-technology firms, attracting foreign investment, and promoting exports.