Anatomy of Tsinghua University Science Park in China: institutional evolution and assessment

University science parks are the essential ingredient in the national innovation system of China. This paper examines the institutional evolution of Tsinghua University Science Park (TusPark). Established in 1994, TusPark has grown into the most notable university science park in China. Tsinghua University and TusPark have applied many effective strategies to develop their technology industry and promote innovational activities. This paper also assesses strengths and challenges of TusPark. Although TusPark experiences many constraints of internal and external institutions, it has brought its advantages into full play. The growth trajectory of TusPark is unique, but its experience can contribute to the understanding of science parks in advanced and other emerging economies in the context of globalization.