Academia and R&D organisations engage in technology transfer for a variety of reasons, such as:

  • Contribution in raising National Innovation Index.
  • Local economic development.
  • To achieve Universities third mission primarily and advancing it towards fourth mission.
  • Acknowledgement of Research output made by the institution.
  • Lifetime financial incentive for the inventors.
  • Attraction of corporate research support.
  • Licensing revenue to support further research.