II) Clusters for Economic Development and Innovation The impact of technology transfers extends beyond individual companies, contributing to wider economic development. By facilitating the flow of knowledge and technology, these transfers can create innovation clusters. These clusters, often centered around universities or research institutes, become hotbeds of technological advancement, attracting businesses and talent and driving economic growth.
III) Impact on Society and the Environment The ripple effects of technological transfers are felt not only in economic terms but also in their ability to address societal and environmental challenges. The diffusion of technology through these processes can lead to significant improvements in public health, environmental sustainability, and overall quality of life. Addressing Global Challenges Technology transfers play a central role in providing solutions to global challenges, from climate change to public health crises.