University-based science parks could become highly attractive sites for deeper engagement with industry, venture capitalists, and start-ups, and help procure government funding too, as proven in the UK, Singapore, and China.
The Hsinchu Science and Industrial Park in Taiwan houses the biggest names in chipmaking, and shows how science parks around universities can provide an excellent ecosystem to drive research and development, and cutting-edge innovation. Photo by Peellden/Wikimedia Commons/ CC-SA 4.0.
University-based science parks could become highly attractive sites for deeper engagement with industry, venture capitalists, and start-ups, and help procure government funding too, as proven in the UK, Singapore, and China.
Economists call it the Australian Innovation Paradox.
Despite consistently ranking among the world’s best for its quality of education and basic research, the country has struggled to achieve sustained innovation leadership or economic impact through commercialization of the research.
