What is Technology Transfer? Generally speaking, it’s the process of transmitting research, technology or scientific findings from research labs to commercial users i.e. ‘Technology Commercialization’. Many companies, universities and government organizations have an “Office of Tech Transfer” dedicated to identifying research which has potential commercial interest and strategies on how to exploit it. The process of commercially exploiting research varies widely. Tech transfer models and techniques can involve licensing, joint ventures or partnerships. The classic model was to develop a license to transfer new technology or research to an existing company. But a very few existing companies will take the risk of commercializing ‘premature’ technology findings. This is where startups come in and facilitate tech transfer. Startups have an opportunity to bring technology from the research labs to the commercial end users and companies. They can either work on the technology and build it in-house completely or further research on a technology provided by the researchers. A new model of tech transfer is being evolved and startups have a major role to play! Brian Darmody talks more about this topic in an interview with venturehype. Have a look: http://venturehype.com/startups-creation-and-tech-transfer/
Original Article: Startups and Tech Transfers
