The legal framework in terms of research, technological development and innovation in the Canary Islands is established by the Law 5/2001, of July 9, regarding the promotion and development of scientific and technical research. It also provides a systematic regulation of the activities of the public authorities in the matter. The Canary's research, technological development and innovation (RTDI) system follows the so-called “Triple Helix” model as it is composed by three interconnected components: companies, public administrations and research centres. Accordingly, he main agents of the public RTDI system are the two Canary universities along with their research centres and the research and technology centres subordinated to the Canary administration, such as the Instituto Canario de Ciencias Marinas (ICCM), the Instituto Canario de Investigaciones Agrarias (ICIA), the Instituto Tecnológico de Canarias (ITC) and the Fundación Canaria de Investigación Sanitaria (FUNCIS), as well as the Instituto de Astrofísica de Canarias (IAC), with shared property. These institutions play an important role in the training of researchers as well as the generation of scientific knowledge, while also being an important source of technology for the industry sector. Another public system agent is the Administration that provides a vital contribution through planning, financing, promoting and facilitating support services and innovation support structures. The RTDI system also involves companies that invest in innovation, financial providers and private service companies specialised in supporting public organisations and enterprises. In addition, the Canary Islands Government has created the Canarian Spaces and Technology Parks, conceived as physical spaces in which knowledge-based companies have the environment needed to engage in high productivity and high value added activities. The spaces have shown their great importance as change agents in the production model in Spain, aiming to increasingly support the application of science, technology and innovation in businesses. The parks stimulate and manage the flow of knowledge and technology amongst universities, research institutions, companies and markets, promoting the creation and growth of innovative companies through incubation and provide value-added services as well as high-quality space and facilities. The development of technology parks in the Canary Islands, driven from the public sector, enables in a short-term basis unemployment mitigation investments. At the same time they establish a solid foundation for changing the Canarian production model in the mid-term. The research & development (R&D) expenditures were €220m in 2017 (Eurostat, 2020). This represents 0.5% of the regional GDP, below the national average (1.21%) and far below the EU average (2.08%). Unlike in other regions, higher education is the sector that contributed the most, with almost a half of the total expenditures (42.8%), followed by the public administration that provided 35.2%. Private companies and non-profit private institutions only assured 19.6% of the expenditure (INE, 2020). In 2018, there were 3.365 people working in R&D, particularly in the high education and public administration (INE, 2020). In high technology sectors, the number of employees was 15,600, which corresponds to 2.1% of the sector employment in Spain and 1.7% of the total employment in the region (below the national average of 3.7% and the EU average of 4.2%) (Eurostat, 2020). The population aged 30-34 with tertiary education in the region reached 39.6% in 2019 (Eurostat, 2020), below the national and EU averages of 44.7% and 41.6%, respectively. On the other hand, Canarias has a high performance when it comes to broadband diffusion: 91% of the households had internet access in 2019, the same as the national average (Eurostat, 2020). The region submitted 16 patent applications to the EPO, which constitute 0.8% of the total applications presented by Spain in 2019 (EPO, 2020)).