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  • Format: Planning for Higher Education Journalx
  • Institution: The University of the West Indies-St Augustine Campusx
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Planning for Higher Education Journal

Published
July 1, 2019

Toward Commercializing University Research in the Caribbean

Creating a Science and Technology Park Model

STPs can boost declining economies by reaping profits from innovations and products created through university research. Yet given the capital and time investment for a project to be viable, The University of the West Indies should gain commitment from all constituents—especially regional governments and the private sector—prior to beginning development.

From Volume 47 Number 4 | July–September 2019

Abstract: This article explores whether the development of science and technology parks by The University of the West Indies (UWI) is the best solution for commercializing university research through academic spin-off businesses and as a means to supporting dwindling regional economies.

The article discusses two international best-practice technology parks in the United Kingdom and a study of the only technology park in the Caribbean. Further, a gap analysis was conducted of all existing functions/institutes/centers across three main campuses in the countries of Jamaica, Barbados, and Trinidad and Tobago, which perform similar types of functions as technology parks.

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