Setting up, managing and evaluating science and technology parks

by Jörgen Eriksson on May 20, 2014

Science and Technological Parks play a significant role in knowledge and technology transfer into the European Union market. There are more than 365 Parks across the EU today, hosting approximately 40,000 organisations that employ that employ 750,000 people, mostly in high value added jobs. They contribute to regional economic development and facilitate the emergence of new technology-based companies.

Guide to science parksThe European Union has recently published a guide for good practise to setting up, managing and evaluating EU science and technology parks.

The success and potentials of Science and Technology Parks are not uniform. The characteristics of the local economy, the local research base as well as the degree of local partnerships among public and private stakeholders are key components for their success.

These local characteristics are firmly embedded in the smart specialisation policy process, which is a basic principle of the new, reformed, Cohesion Policy for 2014-2020. To have defined Smart Specialisation Strategies is a condition that has to be fulfilled before any funding on research and innovation is spend from the European Structural and Investment Funds.

The guide underlines the role played by Science and Technology Parks to develop regional economies and looks at their performance, from the setting-up to the operational phase. Moreover, it provides a compilation of good practices in the field of their management and aims at facilitating public authorities’ decision with regard to financial support.

Amongst the characteristics displayed across the majority of the EU’s STPs that clearly differentiates them from a good quality business park or other pure property investment, are the following.They:

  • Operate careful tenant selection policies
  • Selectively prioritise the newer knowledge-based technology industries
  • Engage with the knowledge base (primarily universities and public research organisations)
  • Engage cooperatively with other public and private sector actors
  • Own and/or operate one or more business incubation schemes
  • Provide professional business support and innovation services designed to increase the depth and extent of innovation-led and knowledge based business in their region or locality as well as within their park.

About Jörgen Eriksson :

Jörgen Eriksson is the founder of Bearing and is the Chairman of the firm since it was created. He has successfully expanded Bearing into covering projects on four continents. He is also Adjunct Professor of Innovation Management at the International University of Monaco and at Universitat Politècnica de Catalunya in Barcelona and he is an active member of the Founders Alliance organisation.

Working with consulting engagements across Bearings practices, he has over the past fifteen years participated in and supervised a large number of client projects, from innovation system development and place development and branding, to merger and acquisition assignments and leading edge research and business development activities for key clients.

His new book, Branding for Hooligans, will be published in 2015. It is about how innovation and branding are key survival factors in our modern times of hyper competitive markets.

Prior to Bearing, he was Director of Europe, Middle East, and Africa for Trema Treasury Management, a technology and consulting services provider, supplying financial software solutions for the global financial industry, Clients included The European Central Bank, Citibank, SEB, South African reserve Bank, Deutsche Bank, Abu Dhabi Investment Authority (ADIA), as well as many other large financial institutions and Fortune 500 companies.

Early in his career Eriksson was educated at the Stockholm School of Economics, where he studied economics, financial economics and philosophy. He then worked in Scandinavian investment banks and also for the Swedish Institute of National Defense Research.

You can contact Jörgen on e-mail, connect on LinkedIn onörgen-eriksson/0/38/8a0/ and follow him on twitter on joreri508.

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