technology-transfer

Vocabulary Word

Definition

'Technology-transfer' is when technology, knowledge, skills or methods are shared between different individuals, organizations or places. Think of it like passing a note in class, but the note is a great technological idea or a scientific innovation.

Examples in Different Contexts

In corporate innovation, 'technology transfer' involves adopting external innovations to enhance a company's product offerings. A corporate strategist might discuss, 'Through technology transfer, we've integrated cutting-edge biotech solutions into our health products.'

Practice Scenarios

Startup

Scenario:

We have an opportunity to collaborate with a youthful tech startup with a dynamic artificial intelligence algorithm. This could potentially boost our product's functionality.

Response:

We should facilitate technology transfer with this startup. This will allow us to integrate their AI into our product, enhancing its capabilities.

Academics

Scenario:

Our latest research on renewable energy sources has drawn interest from a range of companies. This could be a major breakthrough for our department.

Response:

We should consider establishing technology-transfer agreements with these companies. That way, we can turn our research into practical, market-ready solutions.