Science and Technology Parks as Part of Innovation Ecosystem: The Case of Bosnia and Herzegovina

Abstract

AbstractThe innovative ecosystem with Science and technology parks were observed through helix models, specifically the Triple Helix model. The concept of the Triple Helix (Quadruple Helix, Penta Helix) has been intensively discussed among researchers. It is acknowledged that the collaboration of academy, industry, and government creates an enabling innovation environment which is important for economic development and development of the knowledge society. The Triple Helix connection between academy, industry, and government is important for local development, especially in transition economies. Science and technology parks (STP) are commonly used for economic development as they adopt a non-linear model of innovation, the Triple Helix, which promotes interaction between different actors: university, industry, and government. STPs play an important role in establishing and strengthening connections between these actors through R&D, innovation, etc. The paper is based on the research conducted in 2021 on all of three established STPs in Bosnia and Herzegovina. The objective of the research is to explore the role and the success of STPs in B&H within the Triple Helix model and provide answer whether STPs in B&H have the capacity to act as an important stakeholder shaping the Triple Helix model in this country. Results show that efficient collaboration between STPs, academy and industry contribute to better STP performance, better and more attractive new start-ups and competitive economic growth. KeywordsScience and technology parksTriple Helix model