"Developing countries see technology transfer as part of the bargain in which they have agreed to protect intellectual property rights. The TRIPS Agreement aims to achieve the transfer and dissemination of technology as

Meaning of Technology Transfer: Technology transfer helps develop early stage intellectual property (IP) into tools for direct use by the research community, or into bases for new platforms, products, or services to be made into products for public use. The reason for transfer is to promote public good through the development of IP into useful and usable goods or services that in turn, promote economic growth. Leading universities, primarily from industrialized countries, generate rich IP which then is disseminated to society through private partnerships. Significance of Technology Transfer: Develops a common platform to share ideas. Protects intellectual property at international level. Promotes economic development through commercializing innovative technology. Enhances collaboration between developed and developing economies. Provides developing economies the ability to access most recent technical assistance and facilities. Accomplishes goals that neither party could achieve on their own through sharing and/or combining resources. Problems of Technology Transfer in developing countries: Lack of pool of scientists and researchers in specific domains. Brain drain (the emigration of highly trained or qualified people from a particular country). Small market size (Developing economies are labour intensive rather technology intensive). Bureaucratic climate (Too many rules and regulations). Inability to make public investments in appropriate research and infrastructure.