The term ‘Technology Transfer’ changed the view of multinational pharmaceutical industries towards the developing countries. Intellectual properties are amongst the powers which make the nations grow.

Research and Development (R & D) plays a vital role in creating these intellectual property-based technologies. Technology transfer will help developing countries attain economical, social and technological advances. As generally observed, Developed countries are creator of the intellectual property and developing countries are absorbers.

Pharmaceutical companies, institutes and government labs will help in this technology transfer to share the knowledge and methods to produce suitable rational, geographical and environment friendly products.

Technology transfer is basically defined by WIPO as

‘process by which a developer of technology makes its technology available to commercial partner that will exploit the technology’.