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This can be challenging for entrepreneurs wanting to break into an emerging market overseas. While government officials may hold the purse, they often lack the expertise to identify entrepreneurs and ventures with promising new technologies. Moreover, even if they could spot these entrepreneurs, government officials typically don’t have the technical and business skills needed to help such entrepreneurs succeed. For this reason, many emerging economy governments defer to “institutional intermediaries” such as science parks to evaluate and train entrepreneurs and to help determine which ventures merit receiving public funds.

Science Parks Connect Entrepreneurs and Public Resources in Emerging Economies