Licensing and Technology Transfer

Licensing and technology transfer refer to the processes through which knowledge, inventions, or innovations are shared between entities, often for commercial use. Licensing allows one party to use another’s technology or intellectual property, usually in exchange for payment or royalties. Technology transfer involves moving new ideas or inventions from research or development into practical applications, often benefiting industries or communities. Together, they help promote innovation and collaboration by enabling access to advancements, ultimately leading to new products and services that can improve lives and drive economic growth.