A Brief Discussion on Technology Transfer


Nowadays, majority of the world’s population is relying upon technological innovations to fulfil many tasks. It would not be wrong if it is assumed that in today’s world, human race is dependent upon technological innovations. Those innovations have really made our life easier by uplifting the standard of our lifestyle. Not just this, in some way, everyday inventions are also assisting us to obtain a sustainable life.

Do you know what is technology transfer and why is it so essential in today’s time? Technology transfer is also known as transfer of technology. It is explained as the process of transferring technology from the places and numerous groups to comprehensive distribution among people and destinations. TOT is its acronym. Do you know what do we call to a movement of technologies from one place to another? The most relevant answer is- horizontal transfer.

Now, you must be wondering why Technology transfer in quintessential today’s world? Successful transfer and development of the technology helps in the promotion of the research institution and its merchantable properties. In addition to this, the university gains acknowledgment and augments its reputation for their research and development stage by licensing technology from a university.

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