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Technology transfer is an increasingly popular topic in today’s ultra competitive business environment. This popularity can be attributed to the fact that if utilized properly, it can not only strengthen a firm’s competitive advantage, but can also bolster the economy of a region or even country. Technology transfer is also advantageous to the academic’s world, as professors can gain funding for their research efforts and prestige for a university if they are able to have their technologies adopted by a business. This paper condenses a vast wealth of information on technology transfer into an easy to read compact format. It will first outline the reasons that technology transfer is not as widely used as it should be. Methods which academics and business professionals can use to enhance the possibility that technology transfer will occur will then be discussed.
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