Technology Transfer and Equipment Acquisition: A Detailed Report

This report examines the processes of technology transfer and equipment acquisition, focusing on how knowledge and technologies are shared and utilized for commercial purposes. It covers the transfer of technology from one organization to another, including the use of licenses and the exchange of know-how. The report highlights the importance of identifying markets, developing products, and managing distribution channels. It also discusses the role of capital goods, such as machinery and tools, in facilitating technology transfer, and the significance of contracts and purchases in the process. The report mentions the role of original equipment manufacturers (OEMs) and the manufacturing industry in technology adoption, including examples from the textile, garment, food processing, and leather industries.

Technology is the result of accumulated knowledge and application of skills, methods, and processes
used in industrial production and scientific research.
Technology transfer is a process in which technology or knowledge developed at one organization is
transferred to another, typically for the purpose of commercialization. Technology transfer can be
accomplished through a variety of methods including licenses to use protected intellectual property, and
may also include exchange of know-how and materials. Commercializing technology requires the ability
to identify potential markets, develop products that satisfy those needs, and manage distribution
channels.
Technology transfer can be done between universities, businesses, and governments, to share skills,
knowledge, technologies, manufacturing methods, and more.
Purchasing Of Plant & Equipment is the acquisition of property plant or equipment owned by one
person or party by another party under a certain agreement.
• The commercial transfer and acquisition of technology can take place with the sale purchase of
equipment and other capital goods.
• Examples of capital equipment are machinery and tools needed for the manufacture of products or
the application of a process.
• Sales and purchases of capital goods and their import into the country can be considered, in a sense,
technology transfers transactions. • Contracts covering the sale and purchase and the import of capital
goods are sometimes associated with a license contract and/or a know-how contract. In certain
instances, provisions concerning the sale and purchase and the import of capital goods may be found in
the license contract or the know-how contract itself.
 Buy from the initial technology introducer, maybe from OEM to adopt the technology
in another country or company
 This methods; Mostly used in the manufacturing industry to support indigenous technology.
 Widely applied in consumer goods Textile, garment, food processing, leather likewise,