Technology transfer is a brave new world, opening exciting pathways of discovery in our fast-paced digital age. Today, many companies, universities, and governmental organizations are dedicating entire departments to identify innovative new technologies and invention ideas where tech transfer has the potential to spawn a commercially viable product.
But what is “tech” transfer? How is it shaping the world we live in? And who is using it?
Tech transfer can be defined as a “concerted effort to share skills, knowledge, technologies, methods of manufacturing, samples of manufacturing, and facilities among governments, universities and other institutions to ensure that scientific and technological developments are accessible to a wider range of entrepreneurs.” (Wikipedia) These entrepreneurs can then develop these new technologies into a wide variety of innovative commercialized products and services.
Since the Bayh-Dole Act in 1980, tech transfer has been shaping our world. From GPS navigation, water filtration systems, memory foam, and even lifesaving medicines, the process of tech transfer is making inroads everywhere. These tremendous technological advances offer an improved standard of living while creating new employment opportunities that help sustain and advance our economic growth.
Anyone can use tech transfer! From small businesses and entrepreneurial start-ups to large corporations, the top emerging technologies on this website are currently available to anyone who wants to commercialize them. While government labs, universities and private companies will benefit from the process, ultimately it’s the everyday citizen whose life can be changed.
The Technology Marketplace is provided by the Center for Technology, Research and Commercialization (C-TRAC). We are a 501(c)3 non-profit.