Advantages Of Technology Transfer

In a competitive environment, technology transfer has become increasingly important for commercial enterprises to gain competitive advantage over rivals.

Some of the advantages of technology transfer are the following:

  • Technology transfer leads to competitive advantage for a company to edge out its rivals.
  • Technology transfer helps in research & development (R&D) of a particular product which helps to take into account public and private need.
  • New technological innovations can lead to creation of new markets and birth of new consumers.
  • Long term advantages of technology transfer include sustainable economic growth in the future and commercialization of technology.

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll Up