The president of Mountain Home University has been asked by her board of trustees to set up a mechanism for the commercialization of technology developed at the university.Such a mechanism is typically called a
A) business department.
B) commercialization office.
C) technology transfer office.
D) royalty department.

Question

Quizplus · Accepted Answer

The mechanism the president is being asked to set up is for the commercialization of technology developed at the university, meaning that they will transfer their technology to other companies who will then develop it further for commercial use. This process is commonly handled by a technology transfer office, which facilitates the licensing of university-developed technology to external entities. This office handles the legal aspects of the transfer, such as negotiating and establishing legal agreements and licensing terms, and they also assist with marketing and other aspects of commercialization.

The President of Mountain Home University Has Been Asked by Her