What is the function of the office? If you think the commercialization of biomedical research is an easy process, as that sounds like your description, you are seriously wrong. There are many complexities involved in the process.
Some of them are legal procedures that need to be carried out and of course there is a process of marketing research results and negotiating permits for the transfer process that needs to be carried out. You can also bring biomedical test equipment into use which is available at Pronk Technologies.
To achieve this, each university has its own office that handles the entire technology transfer process. This is because researchers who spend time in the laboratory do not have the time and skills to work in this business. The Technology Transfer Office first selects the appropriate study for commercial use.
They then presented it to the relevant organizations and negotiated with them to complete the licensing process. The office also handles patent registration and research intellectual property rights.
Once the company is ready to accept technology, the transfer service will take care of the documentation and legal aspects of technology transfer licensing.
Benefits of Technology Transfer – There is no doubt that the commercialization of biomedical research has benefited educational institutions such as universities and organizations.
While each technology transfer deserves appreciation, recognition and funding for the university, it offers a lucrative business proposition for licensed companies.
Most importantly, we are the end users who get the most out of the whole technology transfer process because we get the right latest technology and modern medicine.