Science and Technology Park as Regional Innovation Platform: A Case of Chungnam Techno Park, Korea - Technopolis: Best Practices for Science and Technology Cities - page 377

Fig. 1 Function of STP

Table 2 Two components of regional innovation system
Categories Innovation activities

Direct Indirect

System
condition

Formal Innovation network Official system

- Enterprises - Education/finance system

- Universities and R&D institutes - Labor market

- Government and agencies - Legal and tax system

- Technology policies - Policy

Informal Innovation patterns Cultural factors

- Trust among clients and suppliers - Value of region

- Collaborations among enterprises - Civic awareness if the region

- Collaborations among scientists - Education supporting

- Familiarity on tech policies - Financial support environment

cf: modified from Lundvall ( 2007 )

innovation activities, the region is not classified as a completed RIS. To become a
perfect RIS, the region should have innovation patterns and cultural factors, which
are informal system and indirect innovation activities.
Figure 2 shows the completion of RIS, where innovation infrastructure,
governance and system, and financial incentives are critical. Governance and
system represent the government supporting system, actors like facilitator and
coordinator, and social capital. Except social capital, the components of gover-
nance and system in Fig. 2 are the similar characteristics of a formal system in
both direct and indirect innovation activities in Table 2 .
There are three components of innovation infrastructure; physical, technical and
knowledge infrastructure in Fig. 2 . Except knowledge infrastructure, the physical
and technical infrastructures are also similar concepts of a formal system in both
direct and indirect innovation activities inn Table 2 . The financial incentive in