Current Challenges of the Technology Transfer Process

Currently, science and technology transfer are considered to be the cornerstones of economic and social progress. The importance of technology transfer is of strategic importance for each state. Therefore, the purpose of this review article is to examine the current issues challenging the process of TT from the perspective of knowledge management. On the basis of the literature review, the authors identified the persisting three issues, significantly affecting the TT process: (i) the ability of a university to identify a target company for a given technology, (ii) the ability of scientists to identify and subsequently locate technologies that someone is interested in, and (iii) slowness and inflexibility of universities in formulating agreements. These issues are discussed in detail in this article.