How Tech Transfer Organizations Drive Israel's Growth

Much of the research and development that goes into new technologies occurs in academic and research institutions and laboratories. But this does not in itself create the new products and processes that change the world. Rather, the technologies are transferred from these academic institutions to the companies that will develop marketable applications.

In Israel, the middlemen for this process are special Tech Transfer Organizations (TTOs) that are incorporated by the academic research facilities in order to 'transform' theory into practice. As Israel continues to churn out new scientific breakthroughs, TTOs play a critical role in converting new science into continued economic growth.