“The value of an idea lies in the using of it.”
—Thomas A. Edison
First of all, what does technology transfer mean, and why do people get involved in it? There are many somewhat varying definitions, but the Association of University Technology Managers (AUTM) defines technology transfer as, “the process of transferring scientific findings from one organization to another for the purpose of further development and commercialization.”  If you take a deeper look at what the core business of an academic institution is, it is generation and dissemination of knowledge. Technology transfer is indeed a part of that general agenda, and thus becomes an intricate part of core business of research institutions all over the globe, and especially in the United States.