Licensing is a critical mechanism in technology transfer, providing a way for inventors and their organizations to financially benefit from their innovations. VI) Commercialization The final stage involves developing the cell phone directory south africa technology into a product or service and bringing it to market. Successful commercialization means that the innovation can begin to have a real-world impact.
Benefits of Technology Transfer Using Technology Transfers to Promote Innovation The benefits of technology transfers extend far beyond the financial gains for the parties involved. They play a central role in advancing scientific and technological research, making novel discoveries in tangible products, processes or services. benefit society. I) Promoting Research and Innovation Technology transfers facilitate the progression of research from theoretical stages to practical applications.
