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This publication, a collection of papers submitted at the Technology Parks Australia Limited annual conference 2001, addresses the following topics: what technology parks achieve for universities; what technology incubators achieve for universities; and perspectives on the Building on Information Technology Strengths (BITS) technology incubator program. The papers are: Promoting technology transfer from university research by Carol Nicoll; What the Macquarie University Research Park has achieved for Macquarie University by Carrick A. Martin; What the Ballarat Technology Park has achieved for the University of Ballarat by Dough Sarah; Achievements and challenges in running a university owned technology incubator by Ed Hilliard; The role of Australian Technology Park Innovations as an incubator for a consortium of four major universities by Steve Bakoss; A quantitative methodology for assessing the economic impact of WA Technology Park and its links to Curtin University of Technology by Peter Kenyon and Noell Doss; The i.lab incubator model by Steve Copplin; The ‘Cellulose Valley Project’ at Southern Cross University by Peter Baverstock; Catalysing regional potential at the University of the Sunshine Coast by Paul Thomas; Benefits of Thebarton Technology Incubator for Adelaide University by Rex Hunter; What small business needs by Tony Benson; CSIRO’s experience with New Business Enterprise Creation by Ian R. Elsum; Building on Information Technology Strengths (BITS) by Michael Sutton; IT incubators and cargo cults, the role of clusters in maximising the effectiveness of IT incubators by Rod Brown; Role of the incubator manager by Roslyn Hughes. Also included as appendices are the conference program and list of participants.