technology transfer
Technology transfer involves moving technological knowledge, skills, and innovations from one entity to another, often to commercialize and apply new developments practically.
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Definition
C1Business and Innovation
(formal, technical)The process of moving technological knowledge and innovations from one organization to another for commercialization and practical application.
Example
- The university's technology transfer office helped commercialize the new medical device.
C1Science and Research
(formal, technical)The dissemination of scientific and technological advancements from research institutions to the marketplace.
Example
- Successful technology transfer can turn a laboratory discovery into a widely used product.
C1Economic Development
(formal, technical)The exchange of technical knowledge and expertise between entities to foster innovation and enhance economic growth.
Example
- International technology transfer can help developing countries improve their industrial capabilities.