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Technology Transfer

Technology transfer refers to the process of sharing or distributing technology, knowledge, and skills between different organizations, industries, or sectors. This can occur through various means, such as licensing, partnerships, or research collaborations. The goal is to enable the practical application of innovations, enhancing economic growth or improving social outcomes. For example, a university might develop a new medical device and partner with a company to manufacture and sell it, thus bringing the invention to the market and making it accessible to the public.

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    Technology transfer refers to the process of sharing or migrating technology, knowledge, or expertise from one organization, individual, or country to another. This can involve turning research and innovation into practical applications, such as products or services. For example, a university may license its inventions to businesses, allowing them to develop and commercialize new technologies. In essence, technology transfer helps bridge the gap between scientific discoveries and their real-world applications, fostering economic growth and improving lives by making advancements accessible to a broader audience.