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Examples of technology transfer can be found across virtually every scientific and industrial area, from pharmaceuticals and medical devices to alternative energy solutions, computing, transport, artificial intelligence, robotics, agriculture, aerospace, environmental improvements and many more.
Technology transfer agreements can be bifurcated into vertical and horizontal technology transfer. Vertical Technology Transfer is when there is a conduction of new technologies from a new range of technology while the technology is still exploration and advancement.
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.
A Tech Transfer agreement is like any other intellectual property assignment or license, but has a twist. A regular assignment or license of a patent, copyright, trade secret or trademark generally considers only the parties involved. However, a Tech Transfer must recognize outside interests.
Technology Transfer ProcessStep 1: Invention Disclosure.Step 2: Evaluation.Step 3: Patent Application.Step 4: Assessment and Marketing.Step 5: Licensing of Patents.Step 6: Commercialization.