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Technopole

A technopole, commonly referred to as a high-technology cluster or tech hub, refers to a center of high-tech manufacturing and information-based quaternary industry. The term was coined by Allen J. Scott in 1990 to describe regions in Southern California which showed a rapid growth in high technology fields. This term now has a broader scope to describe regions worldwide dedicated to technological innovation. Such regions can be centers of rapid economic and technological growth as a result of agglomeration effects.

Technopoles are one type of industry cluster. The components of a technopole usually comprise local firms, universities, financial institutions and public research organizations. Technopoles may be developed by the private sector or by the co-operation or partnership between the public and private sectors. Governments of all levels promote them as a panacea for economies hurt by economic restructuring. Large corporations and small business operate within these high technology areas. Networking between companies is important and made possible by technological advances and facilitate technology transfer. Technopoles are combined technological and business centers specifically established around recognized educational and research institutes.

There are several definitions for "technopole" in an international context, whereby focus is usually placed on the existence of four factors:

Factors important to investors include:

Technopoles are also vulnerable to global trends and can dissolve quickly if they are not properly supported. Technopoles have to be flexible and willing to experiment with new ideas to be seen as a global competitor. Governments and corporations tend to continue to heavily invest in technopoles in hopes of gaining economic prosperity.

Cape Town is considered Africa's tech hub. Nearby Stellenbosch also features a collection of tech companies. Furthermore, regions of Pretoria, Johannesburg, and East Rand have concentrations of R&D facilities.

In Japan, technopoles were planned and developed by the Ministry of International Trade and Industry (MITI). Since 1983, there have been over 25 technopoles in Japan as designated by MITI. Some of the most successful technopoles in Japan include Okayama, Hiroshima, Yamaguchi and Kumamoto.

UNIDO VietNam (United Nations Industrial Development Organization) has compiled in 2015 a list of Technopoles in the ASEAN Economic Community in a report titled "Economic Zones in the ASEAN" written by Arnault Morisson.

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