Technology Transfer & Routes of Technology Technology Transfer
What is technology transfer ? Briefly discuss various routes of technology transfer. Give an example of specific route of technology transfer as adopted by an organisation.
Ans : Basically there are two ways of acquiring new technology : first is Develop it or purchase it; the second way of acquiring technology is commonly called “Technology Transfer”
The important reasons for purchasing technology are :
a) It involves little or no R & D investment.
b) Technology can be used quickly; and
c) Technological and financial risks are often quite low.
There are also good reasons for selling technology, such as :
a) Increasing return on investment
b) Technology may not have immediate use.
c) Technology has already been utilised up to its limit.
