|The International Association of Science Park (IASP) defines a science park as an organisation managed by specialist professionals, whose main aim is to increase the wealth of its community by promoting the culture of innovation and the competitiveness of its associated businesses and knowledge-based institutions. The science park stimulates and manages the flow of knowledge and technology amongst universities, R&D institutions, companies and markets; it facilitates the creation and growth of innovation-based companies through incubation and spin-off processes; and provides other value-added services together with high quality space and facilities.
The Thailand Science Park is the country’s first science park and to date, the only one in operation. It was established by the Ministry of Science and Technology to be the hub for the private sector’s industrial R&D activities. The park started its operations in 2002, under the management of the National Science and Technology Development Agency (NSTDA). It was positioned an ideal location for companies to set up their science and technology based operations in Asia. The park provides services ranging from technology transfer from universities and technology centers, to financial assistance and business incubation. These services are readily accessible to the park’s tenants as well as the private sector at large.