What is technology transfer?

Technology transfer is the process of transferring scientific findings, innovations, or technologies from one organization, such as a university or research institution, to another, like a private company, for further development and commercialization. It often involves licensing intellectual property, forming partnerships, or creating start-ups to bring new products or services to market. This process helps bridge the gap between research and practical application, driving economic growth and societal benefits. Technology transfer professionals facilitate these transactions and ensure compliance with legal and regulatory requirements.