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Technology transfer (TT), also called transfer of technology (TOT), is the process of transferring (disseminating) technology from the person or organization that owns or holds it to another person or organization, in an attempt to transform inventions and scientific outcomes into new products and services that benefit society.
The history of technology transfer is intimately linked with the history of the science policy of the United States.The foundation for modern American science policy laid way out in Vannevar Bush's letter in response to President Roosevelt's query about whether the US should maintain the high level of research funding it had been pouring into the Office of Scientific Research and Development ...
The new department is responsible for helping to encourage, develop and manage the UK's scientific, research, and technological outputs. DSIT is also responsible for managing the necessary physical and digital infrastructure and regulation to support the British economy, UK public services, national security, and wider UK Government priorities. [2]
The aims of each KTP programme are to facilitate the transfer of knowledge and technology and the spread of technical and business skills to the company, stimulate and enhance business-relevant research and training undertaken by the knowledge base, and enhance the business and specialist skills of a recently qualified graduate. [2]
Innovation Intermediaries is a concept in innovation studies to help understand the role of firms, agencies and individuals that facilitate innovation by providing the bridging, brokering, knowledge transfer necessary to bring together the range of different organisations and knowledge needed to create successful innovation.
Oxford University Innovation Limited (OUI) is a British technology transfer and consultancy company created to manage the research and development (R&D) of university spin-offs. OUI is a wholly owned subsidiary of the University of Oxford , and is located on Botley Road , Oxford , England.
Technology transfer intermediaries can help overcome the barriers to commercialization by mediating between inventors, developers and marketers. According to Spithoven, similarities between and differences across sectors and industries are existing because of differences in the ability to build absorptive capacity. [ 2 ]
The UK technology sector is valued at US$1 trillion, third behind the United States and China, mostly based in England. [8] [9] The service sector of the economy is largest in England and one the largest in Europe.