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.
Each year, new office technologies are introduced. Different versions and the constant availability of upgrade options influence and complicate purchase decisions. Budgetary constraints require that companies carefully consider their business needs and potential value derived from making any type of business technology purchase. Companies can follow these tips to make the best technology purchases for the businesses.
The quality of the purchase and the price are linked. Although there are a lot of free and cheaper solutions available, the right purchases will bring value to an organization. If increased productivity is the aim, then the company should consider investing more when making a purchase. A company should expect the purchase price to be a good indicator of the level of productivity or performance to be expected as a result of buying a solution.
Whether or not a technology or system to be implemented across the organization is available as a lease option may be another key consideration. For some businesses, leasing is a viable option as it spreads the costs out over a period of time and locks in certain service options. Leasing gives a company a chance to remain current on some technologies in some cases. It may also be an option for a company in need of an immediate upgrade. A company may need a longer timeline to circumvent upfront cost requirements.
Some companies are able to recoup costs on their office technology by reselling it. If a company is considering a specific technology, it may want to consider resale value as well. In addition to gauging productivity and efficiency, resell value may be a good way to assess value. Conducting research on the brands will reveal resell value and other depreciation information.
Warranty is another consideration. Warranties should be considered a part of the value for any purchase. Warranty information on service and replacement terms matter in the long run with any office technology purchase. Looking beyond price and features into whether or not a warranty is available is another smart way of assessing the value of a purchase.
In addition to features and performance capabilities, a company should look at other areas when planning for investments in technology. When a company invests in business technology, it should look for a solution that will deliver in productivity and contribute to meeting the company’s overall business objectives. Lease and resell value can be used to control costs with technology purchases. Warranties are often a good way to measure the value of a purchase.