The contemporary economy has been significantly marked by technology and innovation, leading resources in contemporary time. Technology is a resource that today characterizes all sectors, activities and organizations. Technological progress has completely changed business concepts. Due that investment in technological development and knowledge are strategic determinants of the economic progress. Technology parks have an exceptional role in the economy development. They are places of competition, cooperation and innovation. They support the functioning of modern economies and they are strongly oriented to the small and middle high technology enterprise. Technology parks in Croatia lag behind international practice. From their establishment in the past times until today, they have contributed to the technological progress of the entire country. The small and medium enterprises have the greatest benefits of their functionality. The concrete results that are achieved are mainly related to the successful commercialization of innovative ideas, modernization of companies, and strengthening of entrepreneurial activities.