Technology Transfer | Meaning, Advantages, Objective and needs!

Do you know about Technology Transfer? Today we will go through this topic and clear all of your doubts. First of all, we will explain What is the Meaning of Transfer of Technology?

What is the meaning of Technology Transfer?

Transfer of technology is the process of transferring technology from one organization to any other person. It means transferring Technology from the owner who owns the technology to another person.

As I mentioned above Technology transfer is also considered as Transfer of Technology. It is also known as Technology Commercialization. It is also related to transferring skills, Knowledge, Technologies, method of manufacturing etc.

The main concept is to ensure that scientific and Technological development is accessible to a wider range of users who can use this and further modify, develop the technology into a new product, processes, applications and services, Some also referred to it as a Process of moving promising research topics into level of maturity ready for manufacturing on a large scale.

What Wikipedia says: The process of transferring (disseminating) technology from the person or organization that owns or holds it to another person or organization. It occurs along various axes: among universities, from universities to businesses (and vice versa), from large businesses to smaller ones (and vice versa), from governments to businesses (and vice versa), across geopolitical borders, both formally and informally, and both openly and surreptitiously.

It is also the Fastest growing activity in U.S. research and development system.

Why Transfer of Technology?

Technology Transfer

Most of the Transfer of Technology takes place because Some Organisations in which technology is maintained or developed is may be different from those who bring the technology into the market. It is considered as a Commercialization. In which technology is introduced to the marketplace. In some cases, it is by done by a single firm. One develops technology and sell it to the customers.
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Certain cases are like Organization that creates the technology doesn’t bring the technology into the market.  One of the potential reason is:
If the company is private, It needs a distribution network, Sales or money to produce the Technology into large scale. So, they don’t release it on market.

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Advantages of Technology Transfer:

Transfer of Technology is increasing day by day and it is also important for commercial enterprises o to gain some advantages from their competitors. Some advantages of Technology Transfer are:

  • It leads to competitive advantage for a company from its competitors
  • It helps in research and development of a product. Transfer of technology helps organizations to modify it according to needs.
  • Transfer of Technology makes Technology new and new innovations lead to the creation of a new market and demand.
  • It helps in the commercialization of technology.

Objectives of Technology Transfer:

The main objective of Transfer of Technology is to make Technologies and Product available for use by everyone. It also contributes to the economic development of Organization, Nations and region. By this Commercialization takes Place. Transfer of Technologies makes the technology more improved and cheaper.

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