Tech parks, or technology parks, are specialized areas designed to promote the growth of technology-based companies and innovation. They often provide office space, research facilities, and access to resources like funding and mentorship. These parks aim to foster collaboration between businesses, universities, and research institutions, creating an ecosystem that supports technological advancement. Many tech parks are located near universities, allowing for easy access to talent and research. They often host startups and established companies in fields such as software development, biotechnology, and clean energy. By clustering these businesses together, tech parks encourage networking and the sharing of ideas, which can lead to new innovations.