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Universities, hospitals, and research centers conduct a lot of research that generates groundbreaking inventions, that not only save lives, but improve the way we live, work, and play on a daily basis. Learn more about how technology transfer benefits you. View video.
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Technology transfer is the process of transferring scientific findings from one organization to another for the purpose of further development and commercialization. The process typically includes:
Academic and research institutions engage in technology transfer for a variety of reasons, such as:
Check out this infographic on the benefits of
technology transfer!
The priority that is given to each of these factors
varies from institution to institution. The ultimate benefits of
technology transfer, however, are the public benefits derived from the
products that reach the market and the jobs that result from the
development and sale of products.
The patenting by academic institutions of discoveries resulting from
research is a protection of the investment made in research and ensures
that these discoveries have the opportunity to reach the stream of
commerce. Investments in intellectual property are returned to the
public through products that benefit the public, increased employment,
and state and federal taxes. These activities can be pursued without
disrupting the core values of publication and sharing of information,
research results, materials and know-how.
As the transition from a manufacturing-based economy to a
knowledge-based economy continues, the role of university intellectual
property will play an increasingly important part. Many states are
developing programs to enhance economic development through technology
transfer from local research universities. As academic institutions
become focal points for economic development, this will undoubtedly lead
to more complicated relationships, interactions and expectations.
The AUTM Public Policy Committee intends to provide the membership with various tools that individual members can utilize in talking about and educating others on various issues that affect the academic technology transfer profession. Below are links to documents suggested for your use.