Technology transfer is the process of transferring scientific findings from one organization to another for the purpose of further development and commercialization (AUTM). The process typically includes:
- Identifying new technologies
- Protecting technologies through patents and copyrights
- Forming development and commercialization strategies such as marketing and licensing to existing private sector companies or creating new startup companies based on the technology
The ultimate benefits of technology transfer, however, are the public benefits derived from the products that reach the market and the jobs that result from the development and sale of products (AUTM). Technology transfer is key to achieve the ultimate goal of BRIDGE project, which is the transfer of both, knowledge and capacity, to relevant academic and non-academic actors in Brazil.
Research & Development in the process of Technology Transfer
“In today’s increasingly competitive global economy, science, technology, and innovation capacity building can no longer be seen as a luxury, suitable primarily for wealthier, more economically dynamic countries. Rather, if developing countries hope to prosper in the global economy, and if world leaders expect globalization to foster sustainable development and sustainable poverty reduction, STI capacity building is an absolute necessity.” Waskins and Ehrst (2008), “Science, Technology, and Innovation, Capacity Building for Sustainable Growth and Poverty Reduction“, The World Bank.