Technology transfer is the process of protecting, marketing and transferring intellectual property to industry. Protecting intellectual property consists of patenting, copyrighting, or trademarking the property in order to provide legal protection for the creator. Marketing intellectual property is the process of researching the industry and targeting companies in the industry that could benefit from its use. The final step, transferring, involves licensing the intellectual property to a company that intends to commercialize it.
The following diagram outlines the technology transfer process: