Utilization of Tangible and Intangible Assets of Science Parks to Lead Innovation in a Deep Tech Sector

A science park (SP) is an open innovation center where universities and companies from related fields are concentrated in a limited parcel equipped with research facilities to form an innovation ecosystem. In the deep tech field, where scientific discoveries and technological innovations create new products or services, SPs provide values by utilizing tangible assets such as facilities, as well as intangible assets such as networks, know-how, and expert human resources. In this respect, SPs are considered to have different added value and revenue structures than business parks and virtual open innovation networks. However, there have been few studies that have consistently organized the sequence of events in recent SP businesses, from resource utilization to impact creation. In this study, to depict an entire flow of SP business, previous studies on SPs were revived and organized using a logic model. By incorporating relevant findings from research streams other than SPs, such as anchor tenant theory and network orchestrator theory, a theoretical foundation was attempted to be built to address the question of how recent SPs are leveraging their resources to provide values.