Evolving Business Models to Support the Growth of Technology-based Start-up Firms

Parry, Malcolm World Technopolis Association 2016 World Technopolis Review Vol.5 No.2

There is both a commercial and social imperative for innovation-led economic development. The data on inventions shows the importance of cities in the role of creating this important foundation to innovation. The importance of new venture firms in the innovation process of taking inventions to market is widely recognised, and with this recognition the science parks and science cities are working to understand and replicate the social, business and technology environments which are most fertile for these companies. This paper reviews how those with an interest in this process have addressed this challenge with new business practices and planning activities. It draws particularly on the experiences of Tech City in London and the Surrey Research Park

Technology, Market and Company Journeys: How Can We Help Them Succeed?

Parry Malcolm 세계과학도시연합 2012 World Technopolis Review Vol.1 No.1

The science and technology park movement has been developing for over 60 years. The first developments simply relied on the co-location of tenant companies and the park’s host to encourage technology transfer. This is in contrast with their modern counter parts which offer a range of active links between tenant companies and host organisations as well as a raft of business development services to support technology commercialisation. Many of these sites have also become important centres in regional innovation plans. In these cases they are supported by a range of local, regional and national policies that are aimed at establishing a business, technology and social environment which support innovation. The paper examines both the business development programmes developed by science and technology parks to support technology commercialisation and the macro conditions that are now being developed to support innovation.

The Future of Science Parks and Areas of Innovation: Science and Technology Parks Shaping the Future

Parry, Malcolm World Technopolis Association 2018 World Technopolis Review Vol.7 No.1

The successful development of science parks is dependent on the relevance and delivery of a range of value propositions they offer to their stakeholders. Experience has shown that the benefits of these value propositions are 'place based' and 'time dependent', influenced by the prevailing technology, social and business environments in which they operate, and the relationship that is developed between entrepreneurs, corporates, academia and government in creating these projects, and their performance is dependent on economic, physical and networking assets they create and deploy. This paper looks at some of the history that has influenced the development of parks, lessons learnt from their planning, development and operation. It reviews these details in the context of delivering value propositions in the context of temporal, spatial, technology and entrepreneurial profile of the new idea of 'innovation districts', influencing 'city planning' and supporting 'smart specialisation strategies'.

Commercialisation, technology transfer, innivation andenterprise-the processes and their support

Parry, Malcolm 충남대학교 지역개발연구소 1999 地域開發論叢 Vol.11 No.-

Technology transfer is a concept that is defined by the point of origin and the destination of the technology being transferred which means it has a broad meaning because of the wide range of business models in which it occurs. However a common theme to any discussion of the subject is that it is an essential ingredient in the process of innovation. Innovation is a well-debated subject because of its importance of supporting the growth of commercial activity. Models of the concept have moved from a an early understanding of it as a linear process, which was first elaborated as technology push to another linear model that focussed on market pull. In turn this linear model has now been redefined as a iterative process that involves a more complex but realistic model in which there is interaction between technology, market need and business economics. The accelerating pace of change and shortening of the life cycle of products, processes and services has meant that all elements of this model need to be made more efficient, supported with better resources and established in the most effective market for ideas that can be achieved. The right environment allows entrepreneurs to maximise wealth creation from the opportunities that arise from this environment. This paper reviews the ways in which three of the partners in this process, that is government, business and higher education are interacting and developing strategies to create the most favourable conditions to ensure that the UK maintains its competitive advantage through technology transfer, innovation and creating the right conditions for exploitation. The paper draws on the UK government's competitiveness white paper "Our Competitive Future - Building the Knowledge Driven Economy", the experience of the University of Surrey which is taking a lead in helping government deliver this policy in the South East Region of the UK and the way business is reacting to the changing business environment.

The Surrey Research Park: A Case Study of Strategic Planning for Economic Development

Parry, Malcolm World Technopolis Association 2012 World Technopolis Review Vol.1 No.3

The development of the Surrey Research Park by the University of Surrey is an addition to a number of existing strategies to collaborate with industry that it has developed over its 120 year history. The potential to undertake this development was based on owning a substantial land holding that the University acquired when the Borough Council for the town of Guildford invited the University to relocate from Battersea in London to its new location in 1966. Initial plans for the Park in 1979 were accelerated in 1981 in response to plans by the then government to reduce funding for Higher Education in the UK. Beyond a broad master plan for the site that was based on topography and access to the site the plans that were developed were based on a survey of 100 companies that were deemed to be in the target market for the site and a review of the other 7 science parks that were being developed in the UK in 1981. The findings from this proved to be important in developing the master plan for the site. Another important influence on the project was the objectives that were defined for the 3 stakeholders in the project of the University, the tenant companies and the planning authority relate to economic development, a competitive advantage of tenant companies, knowledge transfer, the profile for the University and the capacity to generate income proved to be a valuable framework on which to develop a master plan. These details were underpinned by five objectives which served the three stakeholders in the site. Those for the University included commercial potential, knowledge transfer and image and reputation; those for the town primarily related to economic development and the plan was to help tenants gain a competitive advantage by locating on the site. In addition a number of success indicators were defined for the project against which to measure performance and have remained as a useful set of parameters on which to base the assessment of the performance of the site. In combination with these indicators a further analysis deals with the success factors that are considered as important in influencing performance. The paper sets details the history of the park and covers the success indicators and factors and reviews these in the context of the original objectives for the site.

Development strategies for high technology and sustainable development

Parry, Malcolm 忠南大學校 地域開發硏究所 1998 地域開發論叢 Vol.10 No.-

There is a wide ranging debate in the UK which is centred on sustainable development. A model has been developed by the University of Surreys Centre for Environmental Strategy that provides an excellent framework on which to base this debate. This identifies the three overlapping lobes of scientific, business and social element which, where they intersect result in sustainable development. Mapping the activities of companies within the Surrey Technopole to this framework, reviewing Government policy in relation to their activity and understanding their relationship with the scientific and academic community provides a strong argument for the support of the development of Technopoles as a sustainable form of development. The paper is illustrated with examples of business practice. Government policy and interaction with the University of Surrey.

A Case Study on the Financial Value of Host University Engagement between the University of Surrey and the Surrey Research Park

Parry, Malcolm World Technopolis Association 2019 World Technopolis Review Vol.8 No.2

The value of universities in driving economic development has been understood for a long time. However, with the increasing importance of the 'science-entrepreneurship' relationship in giving science its modern economic value there is growing interest in how this dynamic can be enhanced. One of the strategies that has been widely adopted has been the creation of research-science-technology parks although commonly these projects were being established prior to the theoretical approaches that justify their development. This paper reports on a study that measured the financial value of the links between the University of Surrey and tenants on its Surrey Research Park project and also looks forward at strategies being adopted by the University concerning the continuous improvement of its technology transfer offering to increase the value of these links and put some empirical data behind the claims of the value of research-science-technology parks as part of a wider innovation strategy.

SINGAPORE'S ROLE IN PROMOTING THE USE OF ELECTRONIC CHART DISPLAY AND INFORMATION SYSTEM (ECDIS) TO ENHANCE NAVIGATIONAL SAFETY

Parry Oei 한국항해항만학회 1997 한국항해항만학회 학술대회논문집 Vol.1997 No.5

The Singapore Strait is one of the world's busiest waterways by international shipping. Coupled with this, the Port of Singapore is the world's busiest port in terms of shipping and cargo tonnage and the second busiest container port. Navigational safety is Singapore's concern and we are convinced that the ECDIS is the key to further enhancing navigational safety in the Singapore Strait and the port waters of Singapore. We have initiated the production of Electronic Navigational Chart data and invested in infrastructural supporting facilities such as DGPS broadcast service for use with ECDIS as well as other maritime system.

Technology, Market and Company Journeys: How Can We Help Them Succeed?

Malcolm, Parry World Technopolis Association 2012 World Technopolis Review Vol.1 No.1

The science and technology park movement has been developing for over 60 years. The first developments simply relied on the co-location of tenant companies and the park's host to encourage technology transfer. This is in contrast with their modern counter parts which offer a range of active links between tenant companies and host organisations as well as a raft of business development services to support technology commercialisation. Many of these sites have also become important centres in regional innovation plans. In these cases they are supported by a range of local, regional and national policies that are aimed at establishing a business, technology and social environment which support innovation. The paper examines both the business development programmes developed by science and technology parks to support technology commercialisation and the macro conditions that are now being developed to support innovation.

Evolving Business Models to Support the Growth of Technology-based Start-up Firms

Malcolm Parry OBE 세계과학도시연합 2016 World Technopolis Review Vol.5 No.2

There is both a commercial and social imperative for innovation-led economic development. The data on inventions shows the importance of cities in the role of creating this important foundation to innovation. The importance of new venture firms in the innovation process of taking inventions to market is widely recognised, and with this recognition the science parks and science cities are working to understand and replicate the social, business and technology environments which are most fertile for these companies. This paper reviews how those with an interest in this process have addressed this challenge with new business practices and planning activities. It draws particularly on the experiences of Tech City in London and the Surrey Research Park.