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April 29, 2008

Benefits of Technology Transfer Services

I was just talking to my cousin yesterday at yahoo messenger and we were talking about his plans for his high school and college education. He is an incoming High school freshman and he graduated with honors. He is not the typical kind of kid because instead of playing, he loves to read books, play educational board games, is into science and experiments and a whole lot of activities that you would say only a whiz kid will have interest to. He said that he has been doing some readings and he is aiming to study in a University which supports Technology Transfer Services.

I was speechless after hearing that because I really don’t have an idea what Technology Transfer Services is. But as he explains it to me, I too was impressed and if I have a child, I would definitely look for a Technology Transfer University.

The main goal of Technology Transfer University is to encourage and support researches and inventions of its students and its researchers and eventually help them make this products and inventions commercially available. And this is what my cousin is looking for – a university that will support the experiments and researches that he wants to make for the benefit of the society.

He shared with me the article that he read written by Mary Waltrip. According to the article, because of Technology Transfer, Hebrew University is now the leader in developing drug delivery solutions in Israel.

So how did they do it? Because of Technology transfers, Professors of Hebrew University who are experts in their field like pharmacy, applied chemistry, organic chemistry, biochemistry, Food Science and Nutrition, and Food and Environmental Quality Sciences have partnered with renowned researchers and have worked in close cooperation with leading pharmaceutical companies and hospitals into developing an innovative drug like the Novel drug delivery solution. They have also worked with different technology centers like the Center for Nanoscience and Nanotechnology which also gives valuable input for the success of the research. Hebrew University also partners with Yissum, the technology transfer company of Hebrew University. What this company does is they market all the successful inventions and products produced by Hebrew University’s students and researchers and help make this product appealing to the commercial market. With the help of Yissum, they were able to obtain 400 technology licenses have generated nearly $1 billion from sales of this products word wide.

My conversation with my cousin has opened my mind with the benefits of Technology Transfer. Indeed, there is always something that you can learn everyday.

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