Technology transfer is the movement of technical and organizational skills, knowledge, and methods from one individual or organization to another for economic purposes. This process usually involves a group that possesses specialized technical skills and technology that transfers it to a target group of receptors who do not possess those skills, and who cannot create that technology themselves. Technology refers to a society’s capability to transform natural resources into products for consumption. Technology transfer in a narrow definition includes movement of technical equipment, material, designs, engineering knowledge, techniques, and procedures of production. A broader understanding also refers to transfer of the capacity, knowledge attached to the technology, personal know-how, and skills of workers. Technology transfer may accelerate economic growth, regional development, and industry innovation, ...

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