Technology transfer is a process that turns scientific research into viable products. It can be used in various fields such as medical science, aerospace, environmental improvements, agriculture, pharmaceuticals and much more. Collaboration is an essential part of a technology transfer office (TTO). It helps in increasing the productivity of researchers, and provides them with a platform where they can share their research work with other experts. This helps them get better results for their research and make it faster.
The main function of a TTO with respect to collaborative research is to identify and connect researchers with potential industry partners and companies for joint projects. They also facilitate the sharing of resources and IP between collaborating parties. Moreover, they assist with contract negotiations and provide financial support for the project.
In addition to this, they may also be responsible for the commercialization of research and innovation. This can be done by promoting and selling the technology to potential customers. It can also be done by forming spin-off companies to develop and market the technology. TTOs are a valuable asset to any organization. They can help in achieving more results and minimizing the cost of collaboration with different organizations.
Many universities and other research institutions have successful tech transfer offices. In fact, they have helped create technologies that revolutionized entire industries. Some of these include gene splicing techniques that form the basis of the biotechnology sector, diagnostic tools for diseases like breast cancer and osteoporosis, and vaccines. Other licensees have included faster computer modems, new search engines that changed the Internet, and building materials with environmentally friendly properties.