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Richardson’s Telecom Corridor Area Qualifies For “Area Of Innovation” Membership
Posted Date: 9/24/2013 8:00 AM

The Richardson Economic Development Partnership, a joint effort of the City of Richardson and Richardson Chamber of Commerce, today announced that Richardson’s Telecom Corridor® area has earned the prestigious “Area of Innovation” membership status in the International Association of Science Parks (IASP). The Telecom Corridor is only the 8th U.S. area accepted to IASP membership, and is one of the first to earn the “Area of Innovation” designation.

The relevance of science and technology parks as engines for growth and economic development in today's knowledge economy is increasing exponentially. The IASP “Area of Innovation” designation recognizes a newer type of project that shares many features with science and technology parks, but which also enriches the concept by adding new elements and ideas.

“Becoming an official ‘Area of Innovation’ marks Richardson as an international leader in fostering high-tech opportunity and further burnishes our long-standing global reputation as a hotbed of technological innovation,” said Richardson Economic Development Partnership CEO Bill Sproull. “By becoming one of the first U.S. members of the IASP, and one of the few to have earned Area of Innovation status, we expect to create even more worldwide awareness of the rich high-tech ecosystem in Richardson for companies, entrepreneurs, investors and researchers. This designation, and membership in the IASP, will also help connect us in meaningful ways to innovation hubs around the world, facilitating a valuable exchange of ideas and growth opportunities.”

Richardson’s Telecom Corridor brand identity dates back more than 20 years, although the community’s heritage of telecommunications innovation traces its roots back even further, to the establishment of Collins Radio and Texas Instruments in the 1950s and the subsequent establishment of The University of Texas at Dallas in the 1960s. Today several well-known technology companies have research and development facilities or their national or regional headquarters in the Telecom Corridor such as AT&T, Cisco, Verizon, MetroPCS, Rockwell Collins, Texas Instruments, VCE, Fujitsu, Samsung, Hitachi and ZTE.

“Richardson’s high-tech workforce and legacy of innovation help us stand out to the world,” said Richardson Mayor Laura Maczka. “We are honored to have been accepted as an Area of Innovation member of the International Association of Science Parks, and we welcome the challenge of continuing to live up to that reputation through continued focus on high-tech education, entrepreneurship, and support for globally minded businesses throughout our community.”

"We are very excited that the Telecom Corridor area in Richardson, Texas, has joined our association,” said IASP Director General Luis Sanz. “We are sure that we can provide a dynamic international platform for all the partners of the Telecom Corridor to open their horizons and global reach, and we are also convinced that their membership will be a great asset for all the science and technology parks and areas of innovation that make up the IASP global network.”

About the Richardson Economic Development Partnership
The Richardson Economic Development Partnership (REDP) is a joint effort of the City of Richardson and the Richardson Chamber of Commerce, dedicated to building a vibrant and thriving local economy by attracting new investment and jobs through marketing, recruitment and working with existing employers. The REDP offers numerous services to companies considering expansion or relocation to the Telecom Corridor® area, including international and domestic business relocation assistance and professional service provider referrals, site selection, broker and real estate referrals, cost of business analyses, incentives, partner and executive introductions, tours and city information. For more information, visit www.telecomcorridor.com.

About the International Association of Science Parks
IASP is the worldwide network of science parks and areas of innovation, founded in 1984. With nearly 400 members in 70 countries, IASP connects professionals managing science, technology and research parks (STPs) and other areas of innovation from across the globe, and provides services that drive growth and effectiveness for members. IASP members enhance the competitiveness of companies and entrepreneurs in their cities and regions, and contribute to global economic development through innovation, entrepreneurship, and the transfer of knowledge and technology.

The IASP is an NGO in Special Consultative Status with the Economic and Social Council of the United Nations and a founding member of the World Alliance for Innovation (WAINOVA).

For further information about IASP, please visit www.iasp.ws.