Technology transfer facilitates the delivery of the results of the R&D activities into real products and services that are valued by customers and generate profit for the company.
Often R&D activities produce technologies and knowledge that do not evolve into products and services and waste expensive R&D investments. Technology transfer’s processes ensure that products and services succeed in competitive environments.
The main task of a successful technology transfer phase is to align the inventions with competition and customers and find successful business opportunities.
Following a well-structured process of creating a business model and hypotheses, experimenting with a minimum viable product (MVP) will drive the creation of an action plan that systemizes the process of technology transfer. This iterative approach will ensure a meaningful application of inventions that customers are willing to pay for.