A Science Park is an organization managed by specialized Professionals, whose main aim is to increase the wealth of its community by promoting the culture of innovation and the competitive ness of its associated businesses and knowledge-based institutions.
To enable these goals to be met, a science and technology 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 apace and facilities.

 Definition by International Association of Science Park (IASP)