Description of key words used by SNITTS
Commercialization is the process or cycle of introducing a new product into the market. It can be done in different ways, by licensing, cooperation or starting a company for example.
However most Technology-based inventions never go beyond the conception stage.
Techtransfer can be difficult to define but here are some definitions
- Technology transfer is the process of sharing of skills, knowledge, technologies, methods of manufacturing, samples of manufacturing and facilities among industries, universities, governments and other institutions to ensure that scientific and technological developments are accessible to a wider range of users who can then further develop and exploit the technology into new products, processes, applications, materials or services.
- Exchange or sharing of knowledge, skills, processes, or technologies across different organizations.
- Technology transfer is understood to be the passing of theoretical and practical skills and know-how from the owner of a technology to outside users or beneficiaries of technology. Technology transfer is in comparison to technology cooperation an isolated and time-limited transaction. Technology transfer is not simply about the supply and shipment of hardware across international borders. It is about the complex process of sharing knowledge and adapting technology to meet local conditions. It strengthens human and technological capacity in developing countries.