Putting science
at the heart of development
Definitions
List of terms for Technology Transfer.
Developing countries are increasingly recognising the importance of science in developing their economies, and the challenges that entails.
V
Venture capital
Investment in companies whose success is uncertain, but also offer the possibility of a high rate of return. Venture capital is an essential means of financing the rapid growth of new technology-based firms (ECC).
Vertical technology transfer
The transmission of new technologies from the generation phase during R&D activities to operational application, for instance, from science and technology organisations such as universities and research centres to their application in industry (see also horizontal technology transfer).
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