Universities and Technology Transfer

Universities often generate new knowledge through research and innovation. Technology transfer is the process of translating this knowledge and research into practical applications, such as new products, services, or companies. This involves licensing university-created inventions to businesses or creating start-ups based on university research. The goal is to bring innovations from the academic environment into the marketplace, benefiting society while generating revenue that can support further research and education. Essentially, universities act as hubs of innovation, and technology transfer bridges the gap between academic discoveries and real-world use.