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Panel I: Leading Asian Models of S&T Parks
Pages 53-69

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From page 53...
... ONR sponsors research in 70 countries, has offices in four countries, including Singapore and Japan, and studies the issues associated with the valley of death. He said that in his view, "research parks appear to be an excellent place to cross that valley between the invention and the marketplace." 53
From page 54...
... The second corporation is Hutchinson Medipharma, a UK-based company with R&D operations based in Shanghai's Zhangjiang High-Tech Park, which she called one of the world's most successful science and technology parks. She displayed a photo of signers of a strategic partnership between Hutchinson Medipharma and Eli Lilly, which she called a "very rich deal, like those we are accustomed to seeing in the U.S.
From page 55...
... Its corporate tenants in the life sciences include six of the world's top ten pharmaceuticals: Roche, Eli Lilly, Pfizer, Novartis, GE, and AstraZeneca. IT tenants include Hewlett-Packard, Lenovo, Infineon, and Intel.
From page 56...
... It is also "a pilot area for reform." "I don't think we can find a park like this in the United States, yet," she said with a smile. In line with Shanghai' new slogan, "Better City, Better Life," the Zhangjiang High-Tech Park organizers recognize that "the economy is not everything." They want to represent Shanghai as "a city that is truly metropolitan and international, with an open-minded population, clean environment, and beautiful parks that can attract returnees and talent from the world over." The Suzhou Park The third Chinese park she described is the "up-and-coming" Suzhou Industrial Park (SIP)
From page 57...
... Designed in the United States and manufactured in China with technology from India, it is truly a global product -- but Apple captures most of the profit from sales of the iPod. This is a model for the science parks and indigenous companies in China to ponder, she said -- how to control the major value chain of their products.
From page 58...
... The flourishing research scene has led to greater research efficiency. At a Wiley-Blackwell Research Seminar in March 2008, Blackwell's bibliometrics director Iain Craig provided data illustrating that the research output of Singapore was on track to reach and then exceed the world average in the next few years, having increased by some 72 percent from 2000 to 2007.
From page 59...
... Lim, "it is the quality of science and the concentration of top-notch researchers working together that will have impact." In addition to the policy goal of encouraging public-private partnerships, the buildings themselves are intentionally compact and close together, so that "when the researchers come out of the lab into a common space, they have no choice but to interact with one another." She said that the planners of Biopolis asked themselves what it would take to create an environment that will attract not only top talent, but also people who have families. They decided against a "normal" science park, one that went dark each evening after office hours.
From page 60...
... Major companies such as the Novartis Institute for Tropical Diseases and the GlaxoSmithKline Center for Research in Cognitive and Neurodegenerative Disorders have built a presence in the Biopolis. Fusionopolis: The Physical Sciences and Engineering Hot on the heels of the Biopolis is Fusionopolis, located about half a mile from the Biopolis.
From page 61...
... Finally, both the Biopolis and the Fusionopolis are located within One-North, which is a larger area situated within a science and education talent belt, that also encompasses the National University of Singapore, the National University Hospital, part of the Nanyang Technological University, Singapore Science Park, and the Ministry of Education. There are public housing estates nearby, and there are plans to build a major hotel and a large number of condominium units.
From page 62...
... Ananth's institute in Chennai) ; one was added in 1995 and another in 2001. The strong national recognition and status of the IITs makes them logical anchors for research parks as they provide leadership in every field of science and engineering.
From page 63...
... Elsewhere in the country, the Maharashtra Biotech Park is an international park, a joint venture between the Maharashtra Industrial Development Corporation and TCG Urban Infrastructure Holding Ltd., a Chatterjee Group company. The total investment is Rs 2.5 billion (or approximately US$58 million)
From page 64...
... Located on the IIT-Kanpur campus, it has three "tiers": a "nursery" incubation project, technology-based start-up companies and technology/R&D units of an existing SME desiring close technology interface with IIT-Kanpur • IIT-Madras Research Park, located in Chennai, is an independent company promoted by IIT-Madras with support from the government and alumni. It is outside the campus, he said, "but within cycling distance." It is planned to have an area of 1.2 million square feet, built in three phases, to house R&D activities of companies wanting to work with IIT-Madras as well as companies to be incubated.
From page 65...
... PROC Figure 01 R01413 quality products, participates in international standards bodies, and develops bitmapped image intellectual property rights. To advance such goals, the Chennai Park will feature infrastructure for start-ups, availability of venture capital, consultancy, and prototype firms in the vicinity.
From page 66...
... His first observation, relevant to both federal and state governments, was that innovation and entrepreneurship must become incorporated not only as they pertain to economic development policies, but also as cultural values. He said that India's long history with the IITs has raised the profile of science and technology and created "a natural base on which many of its park initiatives are built." In Singapore, the national government had built powerful educational programs from kindergarten through postgraduate levels, raising the value of learning and rewarding scientific and engineering excellence.
From page 67...
... You can't just ‘build it and they will come' -- you have to make it attractive in the first place." Another feature that characterizes the more successful park development efforts, he said, is access to risk capital. Numerous studies, he said, demonstrate that local access to risk capital must be a precondition rather than an outcome of park development. Enabling access to exit markets, so risk capital providers can cash out, he added, should also be a policy target.
From page 68...
... Unless local government subsidies have sunset provisions, he said, subsidies simply transfer money from public to   Lawrence Lessig is a professor of law at Stanford Law School, founder of the school's Center for Internet and Society, and author of numerous books.
From page 69...
... The key is to have policies that make it possible for risk capital to follow." Dr. Shen commented that in China there are clusters of research institutes, universities, and laboratories around all the prominent high-tech parks.


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