What is technology transfer?

Technology transfer refers to the process of sharing or transferring knowledge, skills, or technology from one organization or individual to another. It involves the movement of scientific discoveries, inventions, or innovations from research institutions, universities, or businesses to commercial entities or industries for further development, production, and commercialization. Technology transfer can occur through various means such as licensing agreements, joint ventures, partnerships, or the sale of intellectual property rights. The goal of technology transfer is to bridge the gap between research and practical application, enabling the utilization of new technologies for societal or economic benefits.