Role of Universities in Contributing Towards Science and Technology Park Development: A Framework of Critical Success Factors

Abstract

Universities can play a critical role in the growth dynamics of a Science and Technology Park (STP) as well as economic development of a nation. The research prowess of most universities has afforded them the opportunity to generate research and development outputs which have resulted in new high-tech enterprises being established. Some companies have been enabled to take up new technologies, new ideas and new processes whilst new products and services continue to be churned out. This is indeed a paradigm shift that most universities in Zimbabwe have had to contend with not only for purposes of economic development but for their own survival too, hence the innovation and entrepreneurial-driven thrust these institutions are beginning to take. Whilst there is need to enhance capacity in most of the universities in the developing countries, the critical ingredients for them to adequately perform and contribute to a Technology Park development need to be provided. The innovation systems in these countries also require continuous strengthening and upgrading. The study identifies critical success factors in the establishment of successful STPs, location advantages of the university, the level of skill of research staff, expenditure on R&D and successful Public private Partnerships (PPPs). With an enabling environment, new investments, new companies, new jobs can be created as evidence of universities impact and role in STP growth and development.