Technology Transfer to Industry and Society: Framework and Constraints

Abstract

Since the 1990s, innovation has been accepted by many countries as a driver for socio-economic development. National economic success is ever more determined by a country’s effectiveness in mobilizing and utilizing knowledge. Research institutions are being viewed by various government and policy makers in many countries as engines of technological and socioeconomic growth and development. This will encourage
institutions and other research organizations to reconfigure themselves with structures that will maximize their capacity for economic development and revenue for the institutions. The conversion of research into economic growth is vital for the future of Nigeria and the African States. In order to improve the efficiency of this transfer, the researcher analyzed the mechanism and methods for technology transfer between the research institutions, industry and society. Also, an overview of the problems, strategies for improving the situation and technology
transfer model were presented. It was recommended among other things that government should collaborate with foreign research
and development institutions and develop a strong research infrastructure.