Turku Science Park is a community of business

Business

A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...

es and education

Education

Education in its broadest, general sense is the means through which the aims and habits of a group of people lives on from one generation to the next. Generally, it occurs through any experience that has a formative effect on the way one thinks, feels, or acts...

al establishments in the city of Turku

Turku

Turku is a city situated on the southwest coast of Finland at the mouth of the Aura River. It is located in the region of Finland Proper. It is believed that Turku came into existence during the end of the 13th century which makes it the oldest city in Finland...

, Finland

Finland

Finland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...

. It focuses on development of the biotechnology

Biotechnology

Biotechnology is a field of applied biology that involves the use of living organisms and bioprocesses in engineering, technology, medicine and other fields requiring bioproducts. Biotechnology also utilizes these products for manufacturing purpose...

 and IT

Information technology

Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...

 industries in southwestern Finland through cooperation of the different factors in the field. Its membership includes approximately 300 companies operating in Turku, including e.g. Nokia

Nokia

Nokia Corporation is a Finnish multinational communications corporation that is headquartered in Keilaniemi, Espoo, a city neighbouring Finland's capital Helsinki...

 and Fujitsu

Fujitsu

is a Japanese multinational information technology equipment and services company headquartered in Tokyo, Japan. It is the world's third-largest IT services provider measured by revenues....

. It also works in close partnership with Åbo Akademi University

Åbo Akademi University

Åbo Akademi University is a Swedish language university in Turku, Finland . , there are 7 941 students and a staff consisting of 1125 people. The university has activities not only in Turku, but also in Vaasa, Jakobstad, Helsinki and on Åland...

, University of Turku

University of Turku

The University of Turku , located in Turku in southwestern Finland, is the second largest university in the country as measured by student enrollment, after University of Helsinki. It was established in 1920 and also has faculties at Rauma, Pori and Salo...

 and Turku University of Applied Sciences.

The Science Park is located to the east of the city centre, mainly in the district of Kupittaa

Kupittaa

Kupittaa is a district in Turku, Finland. It is located on the eastern side of the city's centre, around the Kupittaa Park, the first landscaped park in a Finnish city. The district serves as a centre for recreation and business...

. The universities and the TYKS

TYKS

Turku University Hospital is a hospital in Turku, Finland.-General information:The hospital serves as the central hospital for southwestern Finland. It is located near the city centre of Turku and the university, and has branches in the nearby towns of Raisio and Paimio...

 central hospital

Hospital

A hospital is a health care institution providing patient treatment by specialized staff and equipment. Hospitals often, but not always, provide for inpatient care or longer-term patient stays....

, another important partner of the project, are situated in the I District

I District, Turku

The I District is the easternmost of the central districts of Turku, Finland. It is located on the east side of the river Aura, between Uudenmaankatu and the Helsinki motorway . The main street Hämeenkatu divides the district in Sirkkala and Universities area, and continues as the national road 10...

 of the city. Premises of the Science Park amount to a total of 210,000 m² in eleven buildings, and heavy construction work is currently taking place in Kupittaa to cater for the projects present in the area.

The project is organised as a limited liability company

Limited liability company

A limited liability company is a flexible form of enterprise that blends elements of partnership and corporate structures. It is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions...

, Turku Science Park Ltd., with the City of Turku as its largest shareholder

Shareholder

A shareholder or stockholder is an individual or institution that legally owns one or more shares of stock in a public or private corporation. Shareholders own the stock, but not the corporation itself ....

.