University Technology Transfer – Opportunities and Benefits | casinophodnet.ga

The practice of technology transfer can greatly benefit an organization. What is technology transfer? It is the sharing of technology between two or more organizations. Usually, one organisation has developed a new technology and licenses it to the other organization, whose goal is to commercialize that technology. For instance, a university who has developed a new technology may license that technology to businesses so that the businesses can develop the new technology into a product, process, application, or service.

Who are the organizations who are involved in technology transfer? Universities and other primary research organisations regularly license their technologies to businesses. Also, businesses involved in different fields may benefit from this sharing.

Parties on both sides of an agreement benefit. The researchers who developed the technology earn licensing fees, and the organisation who has licensed it can develop and manufacture it into a patented product or service to be sold, while avoiding rising research and development costs.

Many opportunities have emerged because of tech transfer. Fields like biotechnology and diagnostics, pharmaceutical drug discovery, energy and engineering, and microelectronics and optoelectronics are all making use of technology transfer. Researchers can now develop a technology, and then license it out so that organisations with other specialized skill sets can take it further. Researchers may be looking for organisations who can further develop the technology. These organisations may have superior manufacturing, marketing, and distribution capabilities.

Tech transfer also occurs so that the technology can be applied in different fields than what is was designed as well. The researchers may have developed and been able to use the technology in one field, but license it out for use in other fields. For instance, the developer of the technology might be capable of exploiting the technology in diagnostic applications, but might not have the capability to exploit it in therapeutic applications, so they could license it out to a therapeutic application focused organisation. Finding available tech transfer opportunities and capitalising on them may be just what your organisation needs to develop that new product or service that you’ve been searching for.

A Technology Driven World | casinophodnet.ga

Would you say that we are living in a technology driven world? Everywhere you look everything seems to be automated, remote controlled, accessed online and computer controlled. From home appliances and equipment we use around the house to the systems that are found in our offices and companies, there is no escaping technology like there is no escaping the future.

In any kind of business when sourcing and procurement could be a challenge for managers and company owners, automation is the key to improving productivity and efficiency. Businesses that embrace updated ways to deal with various business processes find themselves more competitive and able to deal with customer concerns whatever they may be.

Technology in the production line

Updated technology will always start in the production line. Business managers and supervisors are keen in looking for ways to improve and speed up production of products. There are machines to sort out, prepare materials, cut materials into shape and move materials to create finished products. All these of course are impossible to handle manually or individually which is why machines and equipment are needed in the production line.

Technology in business management

Managing a business also needs efficient technology and this is not just about managing a single department. Business management systems are interrelated which means as the customer places his order this will be handled by customer support and the production team will also be informed of a new order. Supply management will need more materials as indicated by the order and thus suppliers are immediately informed. All in all, business processes are orchestrated by a single system which eases work of business owners and managers.

Technology in supply chain management

A business’s supply chain is the secret to preparing and creating products. With a direct link from the production line to suppliers, raw materials are easily shipped or delivered to manufacturers and this reduces any kind of interruption in the production of products. Updated supply chain management technologies are even able to track shipment and deal with logistics concerns to efficiently deliver materials faster and easier.

Technology in human resource management

The management of employees is vital in any business and there is technology that takes care of employees and their needs. From the time employees are hired, computer systems help preserve employee data and even take note of time-keeping to provide their wages and benefits in the best way possible. Human resource management systems will also help enrich the skills of employees and help them with training and skills development.

Technology in customer service and customer account management

And of course, updated technologies are used in securing customer data as well as providing efficient customer service. Customer data are stored in secure servers and updated systems are also used to help customers with their orders, payment, tracking their orders and in providing technical solutions. Customer service depends on the kind of industry the business has and no matter how small or how large a company is, customers increase their trust as their needs are given priority.

Sourcing and procurement companies understand the need for technology and technological products and have years of experience sourcing technology products in today’s global market.