Research parks are specialized areas designed to promote collaboration between universities, businesses, and government organizations. They provide facilities and resources for research and development, fostering innovation and technology transfer. These parks often host startups, established companies, and academic institutions, creating an ecosystem that encourages knowledge sharing and commercialization of new ideas. Typically located near universities, research parks leverage academic expertise and resources to drive economic growth. They often focus on specific industries, such as biotechnology, information technology, or renewable energy, and provide access to laboratories, office space, and networking opportunities. This environment helps accelerate the development of new products and services.