Abstract
The prospect for the future growth and prosperity of university science and technology parks (STPs) in the United States is questionable. Evidence is presented in this chapter that might lead one to conclude that if STPs are to remain viable, they must reidentify themselves especially in the eyes of their stakeholders. Absent that, critical resources might not be forthcoming to deal with current infrastructure issues as well as their ability to attract new tenants in to the park.
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Notes
- 1.
This chapter is based on my Distinguished Scholar Lecture at the European Commission’s Workshop on Science and Technology Parks in October 2018.
- 2.
- 3.
See, https://www.iasp.ws/our-industry/definitions. Accessed November 9, 2018.
- 4.
See, http://www.ukspa.org.uk/members/how-join and http://www.ukspa.org.uk/our-association/about-us. Accessed November 9, 2018.
- 5.
See, https://www.aurp.net/what-is-a-research-park. Accessed November 9, 2018.
- 6.
My various studies of university STPs, with my co-author John Scott, confirm over and over that many park directors and many park documents are not consistent about when the park was formally founded.
- 7.
The University and Small Business Patent Procedure Act of 1980, known as the Bayh-Dole Act, reformed federal patent policy by providing increased incentives for the diffusion of federally funded innovation results. In particular, universities were permitted to obtain titles to innovations developed with government funds. The R&E tax credit of 1981 provided a tax incentive (originally 25% and today 20%) to firms that increased their R&D expenditures over those made in previous years. And, the National Cooperative Research Act of 1984 encouraged the formation of research joint ventures (RJVs) among U.S. firms—and universities were partners in many of those ventures. RJVs, if subjected to criminal or civil antitrust action, would be evaluated under a rule of reason, and if found to fail a rule of reason, they would be subjected to actual rather than treble damages.
- 8.
Referring to the Battelle observation about parks “obtaining capital for park development and renovation,” which is within the scope of this study, it may be the case that efforts to transform the physical environment of parks would involve public moneys. And, when the use of public moneys is involved, the issue of accountability of how public moneys have been used is an important issue to state policy makers and to regional stakeholders in parks.
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Link, A.N. (2019). University Science and Technology Parks: A U.S. Perspective. In: Amoroso, S., Link, A., Wright, M. (eds) Science and Technology Parks and Regional Economic Development. Palgrave Advances in the Economics of Innovation and Technology. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-30963-3_3
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