National Technology Transfer and Advancement Act

The National Technology Transfer and Advancement Act (NTTAA) was enacted in 1995 to promote the transfer of technology developed by government agencies to the private sector. Its goal is to enhance economic growth and innovation by encouraging collaboration between federal research and industry. The act requires federal agencies to adopt policies that facilitate the sharing of technologies and ensure that their research results benefit the public. Essentially, it aims to bridge the gap between government-funded research and commercial application, fostering an environment where advancements can lead to new products and services.