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DEFINITION | Technology transfer (TT) refers to the process of conveying results stemming from scientific and technological research to the market place and to wider society, along with associated skills and procedures, and is as such an intrinsic part of the technological innovation process. Technology transfer is a complex process that involves many non-scientific and non-technological factors, and many different stakeholders. Good or high-quality research results are not enough for successful technology transfer; general awareness and willingness both at the level of organisations and individuals, as well as skills and capacity related to specific aspects, such as access to risk finance and intellectual property (IP) management, are also necessary components. Technology transfer covers the complex value chain linking research to its eventual societal deployment. This begins with the discovery of novel technologies at research institutions, followed by the disclosure, evaluation and protection of these technologies. The next steps include marketing, potential licencing agreements and the development of products based on the technical inventions. The financial returns of these products can then, for instance, be used for further research. (in https://knowledge4policy.ec.europa.eu/technology-transfer/what-technology-transfer_en) |
