What is Technology Transfer?
Academic technology transfer involves the transfer of a wide variety of outputs from research projects to industry for commercial development. In 1980, the passage of the Bayh-Dole Act encouraged universities to take a more active role in technology transfer. The provisions of the Act mandate that universities report all inventions arising from federally supported research and agree to diligently pursue intellectual property protection and commercialization for new technologies that are commercially promising.
Technology transfer is the process of utilizing technology, expertise, know-how or facilities for a purpose not originally intended by the developing organization. Technology transfers can result in commercialization or product/process improvement. See Technology Transfer Section of this site for further definitions and references. The key objective of technology transfer policy in a liberalized trade and investment environment is then to move domestic firms from technologically simpler to more complex sourcing positions based on dynamic learning. Radosevic, S.
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