Technology transfer in intellectual property refers to the process of transferring knowledge, technology, or intellectual property rights from one organization or individual to another. This transfer can involve the exchange of various intellectual property assets such as patents, copyrights, trademarks, and trade secrets.

The goal of technology transfer is to commercialize or utilize intellectual property in new ways, often for the purpose of bringing innovative products or services to the market. This process can occur through various means, including licensing agreements, joint ventures, collaborations, or the outright sale of intellectual property rights.

In the context of research institutions, universities, and government agencies, technology transfer is often used to translate academic or government-funded research into practical applications that can benefit the public or contribute to economic development. Companies may also engage in technology transfer to access new innovations, expand their product portfolios, or enhance their competitive position in the market.

Overall, technology transfer and commercialization play a vital role in bridging the gap between research and the marketplace, driving economic growth, and facilitating the widespread adoption of innovative technologies.

Technology Transfer & Commercialization: Bridging Innovation to Market