"Technology transfer is the process by which technology is transferred from federal labs, universities, or other research institutions to industry where it can be developed into a commercial product or service.
The U.S. government funds over $100 billion in research and development activity annually, which leads to a continuous pipeline of new inventions and technologies. Technology transfer enables the commercialization of many of these technologies by industry partners who may further develop, scale up, and commercially deploy them." USPTO
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