Technology transfer can be broken down into the areas of interest listed below:
Overview
Technology Incubators
Research Parks
In/Out Licensing and Joint Ventures
Government of Canada Technology Transfer Initiatives
Overview
Commercializing firms may use technology transfer as a vehicle to connect their research and development efforts to marketing, manufacturing, and management expertise. Partnering organizations can include laboratories, universities, government, or private companies. Technology transfer may
help firms access pre-established infrastructures and distribution channels. The following diagram illustrates the key elements of the technology transfer process.
Technology Incubators
Technology incubators facilitate the initial stages of the commercialization process by providing access to research facilities, office space, and human resources. They also help firms locate partners, venture capital, legal representation, and management expertise.
Research Parks
A research park is a group of science and technology facilities that are clustered together in one location. Researchers and organizations locate in a research park in order to centralize similar efforts. One of the key functions of a research park is to encourage partnership and technology
transfer between university researchers and industry.
In/Out Licensing and Joint Ventures
Licensing is a legal agreement that provides one company with the authority to develop and commercialize the intellectual property of another. In-licensing allows you to purchase the right to develop and commercialize an invention that was patented by someone else. Out-licensing allows someone
else to develop and commercialize your invention. Licensing technology to others can result in a product reaching the market more quickly as the licensee will often have the necessary infrastructure and capital requirements already in place.
In a joint venture, companies pool financial resources, facilities, and technical expertise. It involves a sharing of risks and rewards between the parties, where they can take advantage of each other's complementary strengths and experience.
Licensing and Joint Venture Databases
Learn more about Intellectual Property
Government of Canada Technology Transfer Initiatives
The Government of Canada is committed to fostering the growth and success of Canadian innovation. Technology transfer is a vehicle for bringing innovations to a commercial level. In response to the growing need for technology transfer, government has developed a series of initiatives to
support researchers, universities, and firms with the technology transfer process.
Learn more about Government Resources for the life sciences sector
