This article is the second in a 4-part series. Part 1 offered background on innovation districts—what they are, where they’re located, how colleges and universities relate, how P3s relate, etc. Part 3 will look at why schools might want to and might not want to consider pursuing an innovation district. Part 4 will feature an interview with Dr. Jane Talkington, scholar of innovation districts for higher ed.
What is the difference between research parks and innovation districts?
Darmody: The terms are somewhat interchangeable, but essentially, innovation districts generally are more urban in nature with mixed-use amenities, whereas traditional research parks grew up around universities and are in rural, suburban, and urban areas, such as Boston and Austin, but also Lincoln, Nebraska, and Champaign, Illinois. When it comes down to it, though, they share a base concept: Schools and other anchor institutions are trying to build space-placed entities, and corporations come to the university for things like talent.