What are the rationale of transfer of technology?

The rationale for technology transfer includes enhancing innovation and competitive advantage by sharing knowledge and expertise between organizations or countries. It facilitates faster development and deployment of new technologies, leading to improved productivity and economic growth. Additionally, technology transfer can address global challenges, such as environmental sustainability and public health, by enabling access to advanced solutions. Ultimately, it promotes collaboration and builds capacities in emerging markets, fostering a more equitable distribution of technological benefits.