By Dr. Mohammad Ali Mohammad
A Special Technology Zone (STZ) is a knowledge ecosystem designed on the triple helix model of innovation where the government offers special incentives to catalyze the development, promotion, and proliferation of the latest technologies.
It is a cluster where innovation is the primary driver of all core and peripheral activities. The enterprises and individuals working to develop and proliferate technologies are themselves immersed in a smart city lifestyle.
The government supports and incentivizes enterprises to help them to thrive and create wealth and avail opportunities for others at a fast pace. People and technology enterprises, from near and afar, are attracted to these ecosystems.
Gradually, the Zones expand beyond their originally intended boundaries and form townships and eventually cities. In this way, any given STZ helps the supporting government to ultimately execute a broader reform agenda and deliver socioeconomic progress to their constituents.
The Silicon Valley in California (USA) and Research Triangle Park in North Carolina (USA) are the earliest examples of such zones from the 1950s; however, at the time these were referred to as Research Parks and catalyzed by universities that hosted cutting edge technology firms.
The budding Asian economies wanted to emulate the model and therefore created the Zhongguancun Science Park (Z-Park) in Beijing (China), Shenzhen Special Economic Zone in Shenzhen (China), and Daedeok Innopolis...
Read Full Story: https://propakistani.pk/2022/05/30/special-technology-zones-a-new-engine-for-pakistans-economic-growth/
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