Technology Transfer: End Point of Research Process

Abstract

Technology transfer (TT) is nothing but transferring the research outcomes from organization to another for future use and development of new medicinal products, educational tools, safety equipment, electronic devices, and health services required for public use. TT bridges between science, engineering, law and government agencies [1-3]. Drug discovery and development process of novel medicinal product depends on TT which is considered as essential and grave. This process gives clarity to product development laboratory about production and commercialization. In pharmaceutical industry TT is helpful in enhancing the quality, efficacy and safety of the product through standardized process of cost effective production [4,5]. TT can be viewed from the perception of research and development activities. The findings of research work in laboratories on small scale are needed to commercialized, and hence, TT is important for scale up the product on commercial base. TT is thus defined as the process begins with the invention in laboratory to product development phase and then to a commercial scale. The TT is said to be successful provided both receiving and transferring organizations effectively utilize it to promote their business.