We are thankful for everyone's help and co-operation and would be happy to hear from you if you would like to add your own definition or amend it, please contact our webmaster with details. The innovator can be a company with proprietary technology, a researcher or a discoverer, a creator of designs or copyright, or any owner of intellectual property rights. The exploiter, who may or may not be in the same country as the innovator, is likely to be a commercial company - an excellent vehicle for bringing new products and services to the market place.
Technology includes all intellectual property and know-how.
Technology transfer is the facilitation of the transfer of the technological know-how and the legal rights from the developmental area to the commercial sector. It is this need that gives employment to the many individuals who work with scientists to license their devices. Any form of default will result in the revocation of the technology transfer to initial owners. The results of studies, product models and commercialization services to market are owned mechanisms assigned to the creators of the technology. Transfer is applying this application of technology to areas of endeavour not related to the initial implementation.