Machine Learning

WHY ARE PARTNERSHIPS KEY TO SPREADING TECHNOLOGY

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Synopsis

Before addressing the question of partnerships, it is important to make the distinction between technology transfer and technology sharing Technology sharing is often confused with technology transfer and the two terms are used interchangeably technology transfer as the process by which an innovator, who is an inventor, or a firm that is the developer of a new technology, shares the technology with another person or business, who is the transferee, for the purpose of its commercialization Technology sharing is basically a form of technology transfer that occurs when two or more firms/inventors in the same geographic area are involved in the development of a new technology In contrast, technology sharing is when two or more partners from different geographic areas collaborate on the development of a new technology The benefits of technology transfer and technology sharing can be classified into two broad categories The first is the technology itself The transfer of a particular technology can bring about