Process of technology transfer from the laboratory to the market

Technology is one of the four pillars of the country's economic development along with capital, resources and labor. No one can deny the importance of technological innovation in economic development, but applying scientific and technological achievements in industry has always been a difficult problem for many countries around the world.

Technology transfer is currently a hot topic, which opens up many opportunities for developing countries, countries with underdeveloped technology. Technology transfer can help a country increase productivity, innovation, socio-economic development and catch up with other countries in the world. The following infographic details the opportunities and challenges as well as how to effectively transfer technology.