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Technology
Transfer Relationships
Industry
For the
manufacturing industry, technology
transfer means lower development
and R&D costs
or a shorter time to market.
For example, a company has developed
a new product or technology,
yet there is a technical difficulty
with the product or a need to
improve part of the process.
The company then partners with
a university research center
having knowledge in this area.
Professors and student interns
work with company personnel to
address the issue. By their very
nature, university research centers
are the producers and keepers
of large amounts of technology.
The solution to a particular
issue may already exist or may
be synthesized to solve the issue.
Technology
Incubators
Industry
benefits from the use of technology
incubation programs like CCIC
due to their ability to provide
access to information and advice
on whether a new technology already
exists and avoiding duplication
of R&D efforts and costs.
Universities
and Technology Transfer
Technology
transfer provides colleges and
universities with an outlet for
their research. By licensing
new technologies out to industry,
which can adequately commercialize
them, both parties benefit -
industry gains access to technology
they may not otherwise be able
to afford or develop due to lack
of adequate resources, and universities
receive licensing royalties that
are reinvested into further R&D
and technology research efforts
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