Panakleak Blog

Technology Transfer

Technology transfer is the process of developing practical applications for the results of scientific research.

In recent years, there has been a marked increase in technology transfer services intermediaries specialized in their field. They work on behalf of research institutions, governments and even large multinationals. Where start-ups and spin-outs are the clients, commercial fees are sometimes waived in lieu of an equity stake in the business.

The University Technology Transfer must take steps to insure that the philosophy of technology transfer operations is compatible with the academic environment and that these operations are closely related to the University’s education, research, and public service mission. This implies the establishment of an organizational structure that is clearly responsive to the faculty and to the needs of the campuses and Laboratories.

The University Technology Transfer program should have the following objectives: to transfer University-created technology to the private sector for the development of products and processes to benefit the public to encourage and support research relationships with the private sector and, as stated in the Patent Policy,to assist in obtaining funds for research, to provide for the use of invention-related income for the further support of research and education.

The University Technology Transfer Recommendations:

- The Office of Technology Transfer and the University’s overall approach to technology transfer must be transformed in order to accomplish the above objectives in a manner that is consistent with the above principles.

- The University must take steps to insure that the philosophy of technology transfer operations is compatible with the academic environment and that these operations are closely related to the University’s education, research, and public service mission. This implies the establishment of an organizational structure that is clearly responsive to the faculty and to the needs of the campuses and Laboratories.

- The University must reaffirm that the primary goal of its technology transfer program is to further the University’s mission of serving society, not merely to generate income from the results of University research.