Technology transfer is the process of sharing or disseminating technology, knowledge, and skills from one organization or entity to another. This can occur between universities, research institutions, and businesses, allowing innovations to be developed into practical applications. The goal is to enhance productivity, foster economic growth, and improve societal well-being. This process often involves licensing agreements, partnerships, or collaborations. For example, a university may transfer its research findings on renewable energy to a startup company that can commercialize the technology. Effective technology transfer can lead to new products, services, and solutions that benefit various industries and communities.