Steps Involved in the Technology Transfer Process

There are four phases/steps involved in the technology transfer process. These are as follows:

Table of Contents

Technology transfer process

Technology acquisitions
Technology Absorption
Technology Adaptation
Technology Improvement

1. Technology acquisitions

The various activities involved in the technology acquisition process. These are as follows:

(a) Selection of technology

The selection of technology is based on the following factors:

Appropriateness of technology
Cost-effectiveness of technology
Possibilities of updating
Environmental friendly
Proven utility of technology

(b) Selection of collaborators

There are many considerations involved with the selection of collaborators. These are as follows:

Preparation of notice inviting tenders.
The issue of global tender.
Negotiation.
Final selection.

Various steps involved in the technology transfer process — Various steps are involved in the technology transfer process

(c) Finalization of agreement

Finalization of the agreement is an agreement that is reached with the party, finally selected at a price and terms and conditions settled through negotiation.

2. Technology Absorption

The various activities involved in the technology absorption stage are:

Preparation of detailed project report
Interrelation and implementation of various rights and obligations of the agreement by both parties, i.e. Receiver and collaborator.
Project implementation at a pre-established “time frame of cost”
Periodic evaluation of the management of technology through proper MIS.

3. Technology Adaptation

If the technology is acquired and absorbed successfully the next stage is to integrate the same with the production infrastructure and social environment of the industry which receives the technology. Integration requires the following: