The role of University in efficient transfer of scientific knowledge

The creation of new knowledge is one of the most important factors which can have large impact on economic growth. Universities are definitely an important source of new knowledge in the area of science and technology. It is very important to identify mechanisms by which the results of University researchers can be transferred into economy. Knowledge transferred through the formal technology transfer channel, patenting, can be quite significant. In this process, a Technology Transfer Office (TTO) has the important role. TTO should present a link between University researchers and entrepreneurship, or, in one word, economy. This collaboration should in the end result with economic growth. University of Rijeka has established its Technology Transfer Office about one year ago, while Universities in Europe and especially Universities in the USA have had their own TTOs for a long period. Their results show that TTOs play an important role in protection of intellectual property, dissemination and especially commercialization of their research.