Research parks work because within each parks’ proverbial walls there are many early-stage companies vying for commercialization.
Traditional thinking would dictate that this type of proximity would lead to competition—which is healthy—but in reality, it fosters innovation.
Why? Simply put: collaboration.
Small start-ups looking to commercialize are better off being surrounded by organizations in a similar position. Learning from each other’s successes and failures, tweaking strategies and sharing great ideas, these companies help push each other to marketplace success. But finding the money to move from a garage to an established science and tech hub can be quite the hurdle.
Discovery Parks knows smaller start-ups need a home—somewhere they can afford, somewhere they can grow, somewhere they can collaborate.
That’s why we opened the Commercialization Centre.
Smaller, early-stage companies shouldn’t have to break the bank to afford office and lab space. In fact, in the Commercialization Centre, they can develop their ideas in an environment surrounded by organizations that understand how difficult those early years can be.