Developing Young Science and Technology Parks: Recent Findings from Industrial Nations Using the Data-Driven Approach

Charles Mondal, Mousa Al-Kfairy () and Robert B. Mellor ()
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Charles Mondal: Computing & Maths, Kingston University, London KT1 2EE, UK
Mousa Al-Kfairy: College of Technological Innovation, Zayed University, Abu Dhabi 144534, United Arab Emirates
Robert B. Mellor: Computing & Maths, Kingston University, London KT1 2EE, UK

Sustainability, 2023, vol. 15, issue 7, 1-12

Abstract: Science and technology parks (STPs) are curated locations where new technology-based firms (NTBFs) and other SMEs and firms can conglomerate and promote a culture of innovation. Overall, the aim is to construct a sustainable high-value tech entrepreneurship ecosystem, and to this end we present here some recent and novel concepts derived from approaches using a data-driven statistical foundation. This paper considers studies on the organic growth of young start-up science and technology parks by authors who have used big data, econometric analyses, panel data and computer simulations. The results and concepts are derived from industrialized countries, notably Sweden and the UK, and may well be applicable to many regions and emerging economies. The findings are of interest to regional development, technology entrepreneurs considering choosing an STP to inhabit, as well as those in STP central teams, specializing in management and enterprise development, including the sustainable growth of new parks.

Keywords: science and technology parks; regional planning; science growth; economic development; decision making; triple helix model (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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