New Delhi: Technology Transfer Centres (TTOs) are crucial in facilitating the commercialization of innovative ideas, resulting in them being transformed into tangible products and services that benefit society.
A new study by the Department of Science and Technology (DST), Centre for Policy Research, Panjab University, examines their structure and functions, administrative processes and governance frameworks, capacity building needs, and challenges.
The research was carried out under the Facility for Low Carbon Technology Deployment (FLCTD) and supported by the United Nations Industrial Development Organization (UNIDO), New Delhi.
It sheds light on the mechanisms and instruments used to successfully transfer technology from academia to the industry, with the goal of providing valuable insights to policymakers to strengthen the mechanisms that support innovation and facilitate technology transfer in the country.
The report offers recommendations on how to enhance the function of technology transfer, deepen industry-academia partnerships, create a comprehensive policy ecosystem for technology transfer, and widen the stakeholder network to support grassroots level and indigenous innovations.
The report emphasizes the critical role that Technology Transfer Centres play in expediting the transition of ideas from research laboratories to the marketplace, thereby enhancing the nation’s global competitiveness.
It also offers recommendations to widen stakeholder networks to support grassroot level and indigenous innovations.