|
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
|
