Technology transfer

Technology transfer, also called Transfer of Technology (TOT), is the process of skill transferring, knowledge, technologies, methods of manufacturing, samples of manufacturing and facilities among governments and other institutions to ensure that scientific and technological developments are accessible to a wider range of users who can then further develop and exploit the technology into new products, processes, applications, materials or services. It is closely related to (and may arguably be considered a subset of) knowledge transfer.

Technology brokers are people who discovered how to bridge the disparate worlds and apply scientific concepts or processes to new situations or circumstances.A related term, used almost synonymously, is "technology vaporization". While conceptually the practice has been utilized for many years (in ancient times, Archimedes was notable for applying science to practical problems), the present-day volume of research, combined with high-profile failures at Xerox PARC and elsewhere[citation needed], has led to a focus on the process itself.
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:

* Identifying new technologies
* Protecting technologies through patents and copyrights
* Forming development and commercialization strategies such as marketing and licensing to existing private sector companies or creating new start-up companies based on the technology
technology Transfer is intended to increase the value of E So's research and development activities to society as a whole, and particularly in the ESO Member States.

It aims to enhance the process by which ideas and technologies developed by ESO, either in-house or through industrial contracts, can be applied to applications, fields or projects outside those originally anticipated.

Apart from the economic benefits, there can also be social and cultural benefits as well.