Abstract
Many nations are currently adopting a variety of directed strategies to launch and support the development of research parks. Science and technology research parks are seen increasingly as a means to create dynamic clusters that accelerate economic growth and international competitiveness. Technology parks represent the place of SME's development and the place of the most direct technological transfer. Research parks encourage greater collaboration among universities, research laboratories, and SMEs, providing a means to help convert new ideas into the innovative technologies for the market. They are recognized to be a tool to create successful new companies, sustain them and attract new ones, especially in the science, technology, and innovation sector. Universities, in turn, benefit by exposure to the business world. What all these parks have in common is that they are, at heart, knowledge partnerships that foster innovation. University research and science parks provide the launch pad that startup companies need when they are spun out from a university or company. The current state of development of technology parks in Bosnia and Herzegovina and possibilities of establishment of a new technology park in Sarajevo (Ilidža) region are analyzed in this paper.
Highlights
The Western Balkan region faces complex structural and macroeconomic challenges
The EU noted that SMEs are dynamic source of employment, growth and competitiveness, but if care is taken that the authorities must develop a comprehensive strategy to support these businesses, which includes strategy of support technology and innovation, [3, 6, 11]
It is important to recognize that university research can be involved in the process of regional development, through the support of innovation that begins with research, and as a result of the reported demand by the regional public and private sector
Summary
The Western Balkan region faces complex structural and macroeconomic challenges. A legacy of unfinished reforms still prevents most economies from reaping the benefits of investments in research and innovation — despite the progress they have achieved in recent years. Adverse circumstances required governments to adopt tighter fiscal policies and cautious financial markets reduced public and private resources available for research and innovation. Many development documents at the state level of Bosnia and Herzegovina (B&H), and the Sarajevo Canton emphasize the need to improve development and innovative activity of SME’s, [1, 4, 12, 13]. At the state level, the strategy for the development of small and medium enterprises in B&H for the 2009-2011 year and the Strategy for Development of Science in B&H (2009) were adopted.
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