In today’s business setting, interest in the profitable exploitation of a firm’s technological assets, through technology transfer, has intensified. Factors that have facilitated international technology transfer include globalisation of business, liberalisation of the economic regimes of many countries, and the impetus given to the protection of intellectual property after the formation of the World Trade Organization (WTO). These factors have collectively resulted in commercial transfer of technology becoming an important element of the international business setting. Experience over the decades has shown that the technology transfer process can be problematic and transferees often lack the skills to manage it effectively. While the literature is rich in terms of the coverage of the areas of concern it is sparse when it comes to possible approaches that can be taken to remedy these problems.
Appropriate technology transfer is both vital and critical to drug discovery and development for novel medicinal products and is also essential to upgrade drug quality intended during research and development and to finishing product during manufacturing as well as to assure constant quality transferred. Successful growth and commercialization of innovative technologies is always apprehensive with difficulties, multifaceted endeavour, and a range of development tools exist to uphold this activity, by far the most popular approach to directly supporting successful innovation is through technology transfer. To develop appropriate clinical good manufacturing practice facilities, specify and design specialized process equipment, finalize process details, and correctly determine scale-up parameters requires the integrated efforts of a highly skilful technology transfer team. Successful technology transfer requires carefully studying conditions like careful evaluation of ultimate manufacturing requirements early in research and development and the consequent improvement of robust developments that endure large-scale operation, the assembly of a detailed technology transfer document that provides manufacturing with both “know how” and “know why,” and will serve as the basis for facilities and equipment design as well as operator training and standard operating procedure generation in successful manufacturing.