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.