Abstract
In the developing world, applications of the technology and innovation park concept continue to emerge, characterized by sophisticated cutting-edge infrastructure technologies combined with a supportive business environment focused on knowledge-based industries. Three models of park application were identified and illustrated with examples drawn from a study of twenty technology and innovation parks in developing countries. Despite its implicit nature, innovation theory provides the underlying premise — that investments in technology and innovation will lead to economic development. Based on the findings of this study, revisions to innovation theory are proposed.
Published Version
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