Average Job Gains for Research Parks Outperform Economy Overall, Survey Finds

Startups spun out of university research parks stayed in business longer than the overall national average and helped to improve regional competitiveness by establishing their companies within the area where they were incubated, according to a recent survey from the Association of University Research Parks (AURP). The survey reported the findings of 108 university research park directors over the past five years to demonstrate the extent to which the parks are focused on advancing innovation in their region. Among the top rated opportunities for enhancing growth, effectiveness and impact of research parks going forward are: developing and expanding the business services offered by incubators, capitalizing on more corporate outsourcing of research and deepening university-industry research partnerships, and strengthening collaboration between the park and its affiliated universities. Read the report…