%0 Journal Article %T Financiamento de parques tecnol車gicos: um estudo comparativo de casos brasileiros, portugueses e espanh車is %A Figlioli %A Aline %A Porto %A Geciane Silveira %J Revista de Administraˋˋo (Sˋo Paulo) %D 2012 %I Universidade de S?o Paulo %R 10.5700/rausp1040 %X the intensely competitive and globalized market to which firms and countries now belong dictates an ongoing se arch for innovation. among innovation stimulating environments, of which there are several initiatives in many countries, including brazil, we find the so-called technology complexes. one of the biggest challenges for the implementation and operation of such complexes is to obtain funding. this leads to a question: what are the financing mechanisms available to the organizations that manage technology complexes for the planning, implementation and startup of such undertakings? to answer this question, this research study aimed at identifying the financing mechanisms employed in the aforementioned stages of the development of the following enterprises of this sort: in brazil, tecnopuc, polo de inform芍tica de sˋo leopoldo and sapiens parque; in portugal, biocant park and taguspark; and in spain, parque tecnol車gico de cartuja 93, parque tecnol車gico de andalucia, parque cient赤fico de barcelona, parque tecnol車gico de bizkaia and parque tecnol車gico de 芍lava. what was observed in all cases was that in spite of the different management organizations, players and structures, the funding of the implementation phases was not only based on public and private sector resources, but also on partnerships. moreover, the authors found that the funding model differences are mainly due to five factors: the participants in the managing organization; legal model of the managing organization; components belonging to the managing organization; attractiveness of the technology infrastructure and business anchors; and availability of public funds for the promotion of technological and economic development. %K technology complexes %K technology complex financing %K innovation habitats. %U http://www.scielo.br/scielo.php?script=sci_abstract&pid=S0080-21072012000200010&lng=en&nrm=iso&tlng=en