New Way to Finance a Public-Private STP: the Project of Ribeirão Pretos Technology Park

One of the biggest challenges faced by Science and Technology Parks (STPs) implementation is to raise the required funds. The challenge seems to be harder in developing countries like Brazil, where public resources are very restricted and the private sector still feels skeptical about investing in STPs. Then, a question emerges: what are the financing mechanisms that the public-private partnership STPs management institution can make use to the phases of implementation of this kind of enterprise? This paper presents the new way structured to finance the implementation phases of the Ribeirao Pretos Technology Park, a public-private partnership, which is supported by the Brazilian Science and Technology Minister, the Development Commission of Sao Paulo State, the STPs System of Sao Paulo, the Innovation Agency of Sao Paulo University, the Ribeirao Preto City Hall and private investors.