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Technology transfer agencies are organizations that support the transfer of technology from creators, such as universities or research institutions, to commercial entities. They manage the intellectual property associated with inventions and foster partnerships between inventors and businesses. In Guam, these agencies can aid in leveraging local talent and innovations through streamlined agreements like the Guam Technology Transfer Agreement.
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.
It allows U.S. universities, small businesses and non-profits to retain title to their inventions. The government retains a right to use the technology. Previously, the government owned the intellectual property rights to these inventions funded by the government.
A technology agreement, sometimes called a technology service agreement, is a legal document usually used between a company and a technology service provider to outline the rights and responsibilities of both parties as they enter into a business relationship.
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.
A technology transfer agreement is a legal contract used when a company, referred to as the licensor, licenses industrial or intellectual property rights to a licensee. Intellectual property subject to a technology transfer agreement can include: Patents. Utility models. Trademarks.
Technology transfer can be broadly classified into vertical and horizontal technology transfer.
Technology transfer is the process by which knowledge,, intellectual property and capabilities developed at its centres/units and elsewhere, utilising ISRO's resources are transferred to external entities including industries in the public and private sector, academia and State I Cehtral Government organisations.
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.
TECH TRANSFER AGREEMENTSCooperative Research and Development Agreement (CRADA)Facility Use/Service Agreement (FUSA)License Agreement (LA)Material Transfer Agreement (MTA)Technical Assistance Agreement (TAA)