This article elaborates benefits of building technology or research parks for innovations. Governments and universities around the world are turning to research parks due to their ability to revitalize local economies. They are betting that shared parking lots, open offices, restaurants, bars, parties, and activities will make it easier for people to mix, mingle, and strike creative sparks. Research parks resist recessions longer and recover faster. As governments and corporations hope to use science park development to spur economic growth, it is important to understand factors that make these research parks successful. Governments see science parks to move up the economic food chain. Most experts, who have studied science parks, agree on the need for business leadership, civic support, and strong university links. Singapore is using education and science parks to shift its economy to software, advanced materials, and biomedical products. It recruited top scholars for its schools and offers 1000 free Ph.D. scholarships to students who promise to work in Singapore for 10 years.