Meaning definition and scope of technology transfer
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Technology transfer is defined as ‘transfer of technology among groups, and also within governments and even within companies”.
Technology transfer is instrumental in economic growth of a region. When technology transfer takes place between countries, it helps generating in most cases, employment and research based products, particularly in the field of defence.
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Most successful transfers are developed and reach based on the technology one.
This is used to promote the research institution that is vital for commercial partners.
In addition to this, university obtains recognition and increase its reputation for their research.
Therefore, it should guide in stimulating local economic ranges and further development.
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