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The development of science parks constitutes an interesting example of policy to enhance the technology-based development of a region. These parks, it is argued, contribute to fostering technological innovation and transfer and stimulating the growth of high-level economic activities. This article examines the role that science parks play in the promotion of regional development with particular reference to one of Sweden's most successful science parks, the Mjärdevi Science Park. During the 1990s, Mjärdevi was recognized as one of Northern Europe's most rapidly growing science parks, and it has an enviable record with respect to the launching of local, new technology-based firms. This article traces the historical events related to the creation of Mjärdevi Science Park that have influenced its technological and industrial development. It then outlines the park's path of development and subsequently addresses key factors affecting the growth dynamics of the park.
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