Buchberger devised the concept for the park in 1989. It was created to balance both economic needs and desire for research and as such, the concept focused one third on economic production, one third on research and one third on academic education in the field of IT and related sciences. These three components drive a synergetic "spirale of innovation". Softwarepark has four main partners: The Province of Upper Austria, the Johannes Kepler University Linz, the Community of Hagenberg, and Raiffeisen Landesbank Oberösterreich, a major local bank. The first institute to be established in the park was Buchberger's Research Institute for Symbolic Computation (RISC) with then 25 students and employees.
Today Softwarepark is increasing its international activities, e.g. with ISI - International Studies in Informatics Hagenberg or the recently launched International Incubator Hagenberg.
Within the twenty years of its existence, 100 million € were invested into developing the park.
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