Research and development is a well-defined subject in developed countries and it plays a key role in their production and economy. Having this R&D approach led these countries to attain noticeable development in the science and technology. On the other end, Developing countries strive to fill the existed technological gap by following different approaches. Some of them attempt to rebuild the technology through reveres engineering process based on their local capabilities, which encounter them to considerable time and cost.
Other countries, specifically those with an emerging economy like as Turkey or Malaysia attempted to transfer the genuine technology through the proper patent and by the help of successful world-known companies. It is to be acknowledged that the former strategy save considerable time and cost and accordingly, would be considered as the better option for countries.
- Evaluation :Evaluation of technology suppliers (API, formulation and equipment) and introducing reliable Technology suppliers to potential customers
- Initiate: Proactively initiate technical and practical communication between the suppliers and customers
- Negotiate: Negotiate technology transfer terms and conclude a win-win deal
- Supervision: Supervision and control of thorough implementation of the concluded technology transfer deals According to the timelines, milestones and subsequent payments.
- Facilitate: Facilitate supply of equipment and instruments required for the technology transfer agreements