Study of Technology Transfer Centres aiming to increase commercialization of innovations released

A study titled “Technology Transfer Centres to increase commercialization of innovations in India” carried out by DST – Centre for Policy Research, Panjab University was released on March 11, 2024.

The report released by Dr Akhilesh Gupta, Senior Adviser, Department of Science and Technology (DST) aims to improve Technology Transfer Offices (TTOs) and the Technology Transfer process in India by examining their structure and functions, administrative processes and governance frameworks, capacity building needs, and challenges.

“The report emphasizes the critical role the Technology Transfer Centres play in expediting the transition of ideas from research laboratories to the marketplace, thereby enhancing the nation’s global competitiveness,” Dr. Gupta explained while the releasing the report that supports and strengthens the Science Technology and Innovation initiatives of the Government of India to accelerate innovation to achieve energy transition and net-zero emission goals.

Highlighting the role of Technology Transfer offices, Dr. Gupta said that these offices play a crucial role in facilitating the commercialization of innovative ideas, thereby transforming them into tangible products and services that benefit society.

The study carried out under the Facility for Low Carbon Technology Deployment (FLCTD) by the DST – Centre for Policy Research, Panjab University, was supported by United Nations Industrial Development Organization (UNIDO), New Delhi.

The report highlights the crucial role played by Technology Transfer Offices in bridging the gap between academia and industry. It sheds light on the mechanisms and instruments employed to successfully transfer technology from academia to the industry.

Providing valuable insights to policymakers the report will enable them to identify areas that require attention in strengthening the mechanisms that foster innovation and facilitate Technology Transfer in our country.

It also provides recommendations on how to strengthen the function of technology transfer and deepen industry-academia partnership, comprehensive policy ecosystem for technology transfer, widening stakeholder network to support grassroot level and indigenous innovations.

Shri Sandeep Tandon, National Project Manager, UNIDO-FLCTD; Dr Kashmir Singh Professor Department of Biotechnology & Coordinator DST-Centre for Policy Research Panjab University and officials from Bureau of Energy Efficiency, and DST were present at the release event.

Source : https://pib.gov.in/PressReleasePage.aspx?PRID=2013818