The Role of Science and Technology Corridors in Knowledge-based Economy Development
Subject Areas : Entrepreneurship and Mnagement of Knowledge-based Firms
Mahmod
Sheykh Zeynaddin
1
Hasan
KIhakbaz
2
Leyla
Khodabandeh
3
Mehdi
Keshmiri
4
Keywords: Knowledge-based Economy, Science and Technology Corridor, Knowledge,
Abstract :
Today, there is an urgent need for a paradigm shift from capital economy to knowledge-based economy to achieve sustainable development. The Science and Technology Corridor (STC) as an infrastructure for the development of knowledge-based economy aims to provide an attractive environment for investors, firms, corporations, and knowledge-based institutions and citizens by creating incentives for the industry to move towards new technologies and high value-added businesses. These corridors are actually special areas which include various components such as universities and higher education institutions, research centers, science and technology parks, knowledge-based in different industries. Their main purpose is to form a technology cluster. In addition, high value-added services are provided by these corridors. The outputs of these areas will facilitate the process of innovation and convert knowledge into wealth. This paper elaborates the properties of knowledge-based economy, defining STCs and explaining Malaysia's Multimedia Super Corridor (MSC) as a successful experience. Malaysia's MSC is a cluster of ICT companies, and its main purpose is to encourage innovation and development of new technologies by the companies. In addition, the potential of the Isfahan as a first experience in Iran for STC establishment and its capability to change the geography and the local economy of the Isfahan from an industrial region into a knowledge-based region will be explained.