What does "technology transfer" mean? 🔊
"Technology transfer" refers to the process of sharing or disseminating technological knowledge, innovations, or methodologies from one organization or group to another. This can occur between businesses, universities, or government agencies, facilitating the adoption or commercialization of new technologies. The goal is to enhance productivity, foster collaboration, and drive innovation by leveraging existing technologies in different contexts. Effective technology transfer promotes economic development and advances various fields, from healthcare to energy, by ensuring that new discoveries reach practical applications.
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