There are four phases/steps involved in the technology transfer process. These are as follows:
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.
- Final selection.
(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:
- Indigenization of components and subscription.
- Vendor development.
- Financial incentives.
- Coordination and co-operation.
4. Technology Improvement
Technology improvement depends on continuous research and development. This is an ongoing research and development process
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