Technology Transfer

Technology Transfer

Primus IP offers robust protection for your valuable technological innovations. We endeavour to provide you with the best execution for your business and ensure your interest in commercialisation.

About Primus IP

Based in Kuala Lumpur, Primus IP is an established legal consulting firm in Malaysia, specialising in protecting the intellectual properties of SMEs and large corporations. Catering to your specific IP needs, we offer future-proof solutions ranging from strategic advisory services to litigation support.

What is Technology Transfer

Technology transfer, also known as tech transfer, refers to innovations that are converted into products and then commercialised to wider society through licensing and further development. It is the complex process of relaying results from technological research, which began from the exploration of novel technologies to societal deployment.

The Benefits of Technology Transfer

Technology transfer opens the door to creation, circulation, and commercialisation of intellectual property. It actively encourages an environment where innovation and creative works are supported. Furthermore, technology transfer professionals assist owners in protecting their innovations, and prevent unauthorised parties to mimic, sell, manufacture, or import their innovations through appropriate legal channels.

The Adaptation of Technology Transfer by Start-ups and SMEs

Technology transfer enables start-ups and SMEs to compete with bigger competitors, experience economic growth, and contribute positively to society. Instead of paying for internal R&D, which is highly expensive, start-ups and SMEs can join hands with research institutes and fellow companies. This way, they are able to support their needs and reduce financial risks while still obtaining new and valuable innovations.

Activities of Technology Transfer

Technology transfer professionals are involved in a variety of activities, including, but not limited to:

  • Teaming up with attorneys to secure IP rights;
  • Analysing the commercial potential of novel innovations;
  • Marketing existing technologies to potential stakeholders, partners, and licensees;
  • Informing researchers on commercialisation principles;
  • Helping with the creation and development process;
  • Securing and managing funding;
  • Organising business plan and operations;
  • Assessing competitions and developing strategies;
  • Assisting to build a supportive environment that promotes development; and
  • Engaging in entrepreneurship to introduce and sell the innovations.

Activities of Technology Transfer

Technology transfer professionals are involved in a variety of activities, including, but not limited to:

  • Teaming up with attorneys to secure IP rights;
  • Analysing the commercial potential of novel innovations;
  • Marketing existing technologies to potential stakeholders, partners, and licensees;
  • Informing researchers on commercialisation principles;
  • Helping with the creation and development process;
  • Securing and managing funding;
  • Organising business plan and operations;
  • Assessing competitions and developing strategies;
  • Assisting to build a supportive environment that promotes development; and
  • Engaging in entrepreneurship to introduce and sell the innovations.

Elevate your company with technology transfer

Frequently Asked Questions (FAQ)

Typically, transfer technology begins with technology identification. This is then followed by mutual written agreements to have the rights over protected IP.  

In industrial settings, the company will identify the desired technology using various methods such as performing market research, assessing patents, researching technological advancements, and conducting reverse engineering. Then, the technology is included in license agreements or transferred to another company.

Meanwhile, in academic settings, universities usually have licenses issued to a commercialisation partner or the licensee.

There are a lot of examples of technology transfer around us, and can be found in every academic as well as industrial areas. Some instances include alternative or renewable energy solutions, robotics, artificial intelligence, aerospace, pharmaceuticals and more.

Basically, there are 3 categories of technology transfer:

Technology push: this happens when a university or company patents its inventions and then licenses them to other companies.

Market pull: this happens when technologies are developed to cater to market demand.

Technological spillover: this happens when new progress in a particular area influence advances in another.