RETURN FROM SPACE - ESAS TECHNOLOGY-TRANSFER PROGRAM

Technology transfer is the process of taking innovations from one domain and applying them to another. In the last twenty years, industrial companies have realised that they can - and must - improve the efficiency with which they introduce new technology into their products. By actively managing technology transfer, companies reduce the delay in introducing new technology, leading to more competitive products. Instead of a remote research laboratory taking years over basic research, innovation takes place near the factory where equipment is produced, introducing simple ideas as soon as possible into commerce. These techniques give an enormous competitive advantage to the companies that can understand and manage technology transfer correctly.