Tech Park is a designated area that fosters innovation and technology development. It typically houses various companies, startups, and research institutions focused on advancing technology and creating new products. These parks often provide resources such as office space, laboratories, and networking opportunities to support entrepreneurs and researchers. Many Tech Parks are located near universities, enhancing collaboration between academia and industry. They may also host events, workshops, and seminars to promote knowledge sharing and skill development. Notable examples include the Silicon Valley in California and Research Triangle Park in North Carolina, which are known for their vibrant tech ecosystems.