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Canarian Spaces and Technology Parks

Parques TecnológicosTechnology Parks, conceived as physical spaces in which knowledge-based companies have the relational environment needed to develop a high productivity and value added activity, have shown their great importance as change agents in the production model in Spain, in order of increasingly support the application of science, technology and innovation to the business. The parks stimulate and manage the flow of knowledge and technology amongst universities, research institutions, companies and markets, promoting the creation and growth of innovative companies through incubation and provide value-added services as well as high quality space and facilities.


The development of technology parks in the Canary Islands, driven from the public sector, enables undertaking in a short-term basis, unemployment mitigation investments which are necessary in the current situation of serious economic recession, while establishing solid foundations for changing the canarian production model in the mid-term.



On November 19th, 2009 an Agreement is that seeks to establish the conditions for cooperation and collaboration between the Ministry of Education and Science and the Canary Islands Government for the development of Phase I of the Technology Parks Network in the Region. Through this agreement the Ministry of Science and Innovation will make a contribution to the Government of the Canary Islands of 150 million euros in loans for the launch of three parks located in Fuerteventura, Gran Canaria and Tenerife. This contribution will be funded by the MICINN as follows: 25 million in 2009, 50 million in the year 2010, 50 million in 2011 and 25 million in 2012.

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