What is Technology Transfer?

Technology Transfer:-

Technology Transfer, also called Transfer of Technology (TOT) and Technology Commercialisation,is the process of skill transferring, knowledge, technologies, methods of manufacturing, samples of manufacturing and facilities among governments or universities and other institutions to ensure that scientific and technological developments are accessible to a wider range of users who can then further develop and exploit the technology into new products, processes, applications, materials or services.  It is  closely related  to (and  may  arguably  be considered  a  subset of) knowledge transfer.