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The Office of Technology Transfer (OTT) works with industry to make the benefits of new discoveries available to the public. We provide a service to Rice faculty members, students and staff researchers by protecting intellectual property developed in by them during their pursuit of the university’s mission of providing an unsurpassed educational experience to its students and serving the continuing educational needs of the larger community. The OTT facilitates the interaction between academia and industry, so that science may be transformed into technology.
What is Technology Transfer?
The worlds of science and commerce have different, but overlapping objectives. The overlap between these worlds is in the area of technology. Technology is how science becomes applied; technology is how commerce develops new, improved applications. This fundamental nature of technology means that the rate at which technology develops is directly proportional to the quality of the interaction between these two worlds. This is where Technology Transfer comes in.
Technology Transfer is the process of facilitating the relationship between academia and industry, allowing ideas to flow or be transferred both ways and resulting in the development of technologies. This benefits the public through introducing new and better products for the improvement of quality of life. The national economy benefits as these technologies mature to grow their own industry and contribute to other sectors of the economy as well.
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