The president of Mountain Home University has been asked by the board of trustees to set up a separate unit to facilitate the commercialization of technology developed by the research students at the university.Such a unit is typically called a _____.
A) strategic business unit
B) commercialization office
C) technology transfer office
D) science park

Question

Quizplus · Accepted Answer

A technology transfer office is specifically designed to act as an intermediary between research institutions and businesses interested in commercializing those institutions' technologies. They typically manage patent applications, licensing agreements, and other legal and financial aspects of technology transfer. Choice A, "strategic business unit," refers to a distinct business unit within a larger organization that operates with its own strategy and budget. Choice B, "commercialization office," is not a commonly used term and does not accurately describe the specific function of a technology transfer office. Choice D, "science park," typically refers to a physical location where companies, particularly those in the tech industry, are located in close proximity to academic and research institutions. While some technology transfer offices may be located within a science park, they are not one and the same.

The President of Mountain Home University Has Been Asked by the Board