Focus on Technology Transfer

There are several stages to the process of licensing technology. First, of course, is finding something of interest. How this happens will vary from comapny to company. A business strategy and a well-spelled-out list of needs will, ideally, guide the person or persons charged with finding new-to-the-company technologies. Many items will likely fit into the top of this search funnel. A systematic evaluation should filter out most of them, and only a few will make it to the end of the funnel. Once a suitable technology is identified, an in-depth study of the details must be undertaken before making a final technical decision on its fit with the company strategy.