Technology transfer is the process of developing practical applications for the results of
scientific research. While conceptually the practice has been utilized for many years (in ancient times,
Archimedes was notable for applying science to practical problems), the present-day volume of research, combined with high-profile failures at
Xerox PARC and elsewhere, has led to a focus on the process itself.
See more at Wikipedia.org...
The process of converting scientific findings from research laboratories into useful products by the commercial sector.
Those activities that lead to the adoption of a new technique or product by users and involves dissemination, demonstration, training, and other activities that lead to eventual innovation.
(23CFR420)