What is Technology Transfer?
Technology transfer can generally be thought of as the transfer of knowledge and discoveries from the university environment to the general public through publications, talented students entering the workforce, exchanges at conferences, and relationships with industry and community partners.
According to the Association of University Technology Managers (AUTM), technology transfer is about transforming ideas into opportunities. AUTM is the non-profit leader in efforts to educate, promote and inspire professionals to support the development of academic research that changes the world and drives innovation forward.
At Marquette, technology transfer refers to the responsible licensing of university technology to third parties and the formation of new companies for the benefit of society. The technology transfer process can be viewed as a continuous cycle, beginning with basic research and discovery that yields technologies that can form the basis of innovative products and services to address unmet needs of society. The Office of Economic Engagement evaluates, protects and markets our early-stage technologies and negotiates socially responsible license agreements with existing or startup companies. Revenues from licenses are shared with inventors and reinvested into our research enterprise.