Technology transfer refers to the process of transferring knowledge, technologies, and innovations developed in one organization or research institution to another entity for commercialization or further development. This can involve licensing agreements, joint ventures, collaborations, or other methods of transferring intellectual property rights. Technology transfer plays a crucial role in promoting innovation, economic growth, and competitiveness by helping to bridge the gap between research and practical application. It allows for the dissemination of new technologies and knowledge to industries, governments, and other organizations, ultimately benefiting society as a whole. In addition to transferring technologies from academic or research institutions to businesses, technology transfer also encompasses the transfer of technologies between different industries or regions, as well as the adaptation and customization of technologies for different applications. Overall, technology transfer is a key driver of innovation and economic development, facilitating the commercialization and adoption of new technologies that can create new products, processes, and services that improve our daily lives.