What is Tech Transfer?
Technology transfer is the movement of knowledge and discoveries to the general public. It can occur through publications graduating students entering the workforce, presentations at conferences, and research relationships with industry. For the TLO, however, technology transfer refers to the formal licensing of MIT owned intellectual property to third parties such as start-up companies or corporations.
Tech Transfer Process
The process of technology transfer involves the initial submission to the TLO of a new technology which has arisen from research or activity undertaken by MIT employees. The process then moves to evaluation, potential patenting, marketing and licensing the intellectual property to third parties.
Each year the TLO submits information about its annual activity through the Association of University Technology Managers (AUTM) which involves information about new ideas submitted, patents filed, start-ups launched and royalty revenue received.