8.5 Technology transfer organisations Most universities and many national research organisations now have a technology transfer office which is responsible for advising scientists and researchers on whether their invention is patentable as well as licensing and transfer of useful technologies to
96 the commercial sector. The role of this office is to commercialise technologies, negotiate licenses and assist entrepreneurs with creation of start-up companies. A premier university in the USA, the California Institute of Technology, issues between 40 and 50 licenses per year so that the public can directly benefit from the ingenuity and creativity of our outstanding researchers e.g. drugs, devices, services to improve the quality of people’s lives (Caltech OTT brochure.