Research parks are specialized areas designed to promote collaboration between businesses, universities, 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 benefit from access to skilled talent and cutting-edge research. They may offer office space, laboratories, and support services to help companies grow. Examples of successful research parks include the Research Triangle Park in North Carolina and the Stanford Research Park in California.