Transfer of Technology

Transfer of Technology (ToT) refers to the process of sharing or distributing technology, skills, knowledge, and methods between different individuals, organizations, or countries. This can happen through various means, such as partnerships, licensing agreements, or training programs. The goal is to enhance innovation and development, allowing the receiving party to utilize new technologies to improve processes, products, or services. ToT is vital for economic growth, especially in developing regions, as it facilitates access to advanced technologies and boosts local capacities for research and production.