Science and technology park (Urdu)

Article by Dr. Atta Ur Rehman about science and technology park

Science and technology parks (S&T parks) are a potential source of knowledge-based industries, and are increasingly viewed as an essential component of the knowledge economy. The concept of science and technology parks is embedded in clustering of knowledge producing institutions with a group of interconnected local and multinational companies. Co-location is believed to facilitate learning, technology transfer, and helps in achieving knowledge-based industrial growth. S&T parks provide office buildings, laboratory space, infrastructure facilities and expertise where new research and ideas generated by universities are tested and commercialised. Most S&T parks also host business incubators, which provide physical space, management assistance, coaching on business plans, access to capital and equipment, technology and feasibility studies for marketing.

Abdul Rauf

Teacher, Innovator, Love to create, explore new ways to view & imagine things and then make them real

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