There are 2 models in the field of technology transfer, writes Bill Payne, a veteran angel investor and an Entrepreneur In Residence at BNZ University of Auckland Business School.
Innovations from research labs are either transferred to established corporations or startup ventures. The goal is to transform innovative technologies into marketable products and applications to promote economic growth and/or create money-making opportunities.
About 80% of lab technologies are suitable for established companies and 20% for startups, Payne continues.
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