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1. Standardizing the Tech Transfer Process
Table of Contents
What Is Technology Transfer?
TheWho, What, How and Why of Technology Transfer
Tech Transfer Best Practices
What Is Technology Transfer?
In thecaseof research institutions, technology transfer (or tech transfer)is theprocess by which new inventions and other innovations madein thelabs of
theseinstitutions areturned into products and sold. This is usually donein two ways: by licensing patented intellectual property to corporations; and by
setting up start-up companies, which often licenseintellectual property madeby faculty.
The Who, What, How and Why of Technology Transfer
Many peopleareunawarehow many of thegoods and technological advancements wetakefor granted actually started in university and government labs,
and then madetheir way to themarketplacemostly via technology transfer initiatives.
Gatoradeand Googlearetwo widely referenced examples. Still, therearethousands morewhich haveimpacted virtually every field of scienceand walkof
life: life-saving drugs and medical devices, vaccines, agricultural innovations, alternativeenergy solutions, environmental solutions, new modes of
transportation, computer hardwareand software, robotics, cybersecurity, blockchain technologies, artificial intelligenceand aerospace, to namea few.
A critical function of technology transfer specialists is to safeguard theintellectual property associated with thesesignificant breakthroughs; this allows
them to belicensed and commercialized for thebenefit of society.
However, technology transfer has evolved into morethan just defending intellectual property over time. Professionals in technology transfer areengaged
in a variety of tasks which support thecommercialization process including thefollowing:
Collaborating with lawyers to protect patents (and other forms of intellectual property)
Evaluating thecommercial viability of innovativeideas
Promoting thecommercialization of accessibleinnovations to prospectivelicensees and partners
Teaching scholars about theideas and tactics of commercialization
Assistancein theestablishment and growth of faculty start-ups
Garnering money for research and start-ups in their early stages
Forging strategicalliances and licensing arrangements
Arranging competitions for business plans and new ventures
Assisting in theestablishment of innovativeecosystems and supporting institutions which foster economicgrowth and innovation
Developing programs which encourageboth students and faculty to createlaboratories and maker spaces, and engagein entrepreneurship to
contributeto thecommercialization of theseinventions.
Tech transfer is a sizable, diverseand difficult job. Indeed, it may bethemost critical job that nobody knows much about.
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Technology & Pharma: An Unexpected Intersection
Pharmaceutical Technology Transfer Process
TheImportanceOf Tech Transfer In ThePharmaceutical Industry?
Tech Transfer Best Practices
Successful technology transfer helps universities, businesses, regional and national economies, and society at large. It can providemoney which can be
invested backinto research for institutions and theacknowledgment of its scientists and their ideas (which assists with faculty recruiting and grant
financing).
Benefits to organizations includethepotential to useresearch developments without incurring internal R&D costs, and releasing innovativegoods which
may help propel their operations ahead. Technology transfer is essential for regional and national economies becauseit fosters innovation, resulting in
new initiatives and stronger sectors that providemoreemployment.
Theadvantages to society as a wholeareimmeasurablein terms of lives saved, greater health, a cleaner environment, and myriad technological
advancements which add new skills and propel local, regional, national and worldwideeconomies ahead through innovation.
To find out moreabout tech transfer, simply visit Rondaxe onlineor call us in New Yorkat (315)469-2800today.
Decrease costs,effort,confusion,and frustration acrossevery step ofthe process.
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