Question
Download Solution PDFIn November 2022, Technology Transfer Scheme is implemented by which of these states?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Kerala.
Key Points
- The Technology Transfer Scheme was implemented by the state of Kerala in November 2022.
- The government will reimburse companies up to 10 lakh under the Technology Transfer Scheme, run by Kerala Startup Mission (KSUM), for technologies they acquire from government research institutions or source themselves and use to create potentially marketable items.
- With the aid of this programme, startups of Kerala will have easier access to the knowledge needed to transform their concepts into goods that can be sold.
- Startups that are registered as Limited Liability Partnerships (LLP) or Private Limited companies in Kerala and have an active registration with the Kerala Startup Mission (KSUM) are eligible for the technology transfer scheme.
Additional Information
- Transfer of Technology (ToT) or technology transfer is the transfer of data such as designs, inventions, materials, software, trade secrets, and technical know-how from one organisation to another or from one use to another.
- The rules, practises, and principles of any organisation taking part in the technology transfer process serve as guidelines.
- In order to share skills, knowledge, technologies, production techniques, and other things, universities, businesses, and governments can engage in formal or informal technology transfer.
- This method of knowledge sharing ensures that scientific and technological advancements are accessible to more users, who can then contribute to their growth or utilisation.
- Technology transfer can take place vertically by shifting technologies or horizontally by moving technologies between various regions.
Last updated on Jul 19, 2025
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