Innovation is at the heart of technology parks. They support innovation in several ways:
Incubation Programs: Many technology parks offer incubation programs that provide startups with office space, administrative support, and business development services at subsidized rates. Collaborative Projects: By facilitating partnerships between companies, research institutions, and government agencies, technology parks encourage collaborative R&D projects that drive innovation. Access to Talent: Proximity to universities and research centers means that companies in technology parks have access to a pool of skilled talent, including researchers, engineers, and interns. Innovation Competitions: Technology parks often organize hackathons, pitch contests, and innovation challenges that encourage entrepreneurs to develop and showcase their innovative solutions.