Technology transfer, which is also known as TOT (transfer of technology) is the method of transferring technologies, facilities, skills, methods of manufacturing, knowledge, samples of manufacturing with institutions or universities and government to ascertain that technological and scientific development are within the reach of users which can then further enhance the technology and exploit it into new processes, materials, applications, services or products. Technology transfer may be arguably said to be a subset of knowledge transfer. On the other hand, horizontal transfer is the act of moving technologies from a particular place to the other. Presently TOT (transfer of technology) is primarily horizontal. The vertical transfer happens during the movement of technologies to development and research departments from the applied research centers. Technology Transfer and Innovation are similarly related. Three Prospects on Technology Transfer and Innovation have been uncovered.
Technology brokers are those who uncover the way of bridging the evolving world and apply the concept or process of science to new circumstances or situations. Technology valorization is the similar term that is used synonymously for Technology brokers.