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.

Business

Scenario:

Collaboration with R&D focused entities could potentially increase our portfolio. What steps do we need to take to leverage such opportunities?

Response:

Our first step should be identifying potential R&D partnerships for technology transfer. Then we can establish a process to implement their tech into our business operations.