The role of Science Parks in the Knowledge Economy

The analysis of the history and results of the Science and Technology Parks (STPs) around the world during the last 20 years or so shows that, generally speaking, STPs have been and still are a very powerful tool\nfor regional development. There are several models of STPs and different classifications can be attempted, like for instance: classification by models according to geographical areas: (Californian model,Scandinavian model, Mediterranean model, Japanese model etc.). classification by the structure of ownership and management: (public, private,mix). classification by activity: (generalist, specialised). But regardless of the different models existing, most STPs do have some common denominators that constitute its main axis of activity and concern, and that can be summarised as follows:  entrepreneurial innovation  creation of new companies links with Universities increase entrepreneurial competitiveness There is also a certain degree of terminological confusion, and expressions such as Science Park, Technology Park, Technopole, Research Park, Technology Precinct, etc. are often used, but the subtle differences that may exist among these different labels are not relevant for the purpose of this paper.