Science and Technology Parks as Innovation Intermediaries for Green Innovation

Abstract

This paper discusses how science and technology parks (STPs) act as intermediaries for projects regarding green innovation. The empirical evidence is gathered through a case study of the City of Knowledge in Panama. For the recent Panama channel's expansion, local authorities faced the need to improve the water resource management to secure enough fresh water for the canal's operation. We inductively analysed data from 24 interviews, documents and participant observer. Preliminary results show the intermediation of STPs in green innovation processes in three phases: a first intermediation process is the STP as a hub for knowledge generation, including training for entrepreneurship. A second stage of the park as an innovation intermediary regards to an arena for knowledge and technology transfer, including collaboration with universities. A third phase implies financing and brokerage of green innovation between local and global actors. Our results challenge the existing literature about STPs with a narrow focus on economic spillover effects, or as hubs for attracting and developing cutting-edge technological innovations.