In an era of ever-increasing global competition, innovation is the key to long-term corporate prosperity. University-affiliated research parks and innovation zones aren’t a brand-new idea, but they are more relevant than ever in today’s environment, as forward-thinking companies strive to stay ahead, generate better ideas, and bring those ideas to life.
These developments go by a variety of names and definitions and structures, but the common thread is the goal of creating partnerships between universities and the private sector that will drive innovation. The end result is a win-win-win for all of the various partners, including corporations, universities, and the communities in which these developments blossom.
Cherokee Farm Development Corporation CEO Cliff Hawks discusses research resources available at Cherokee Farm Innovation Campus, including the Joint Institute for Advanced Materials, in this article from Area Development.