Technology transfer is the process of acquiring technologies themselves as well as the necessary knowledge and skills to apply them from foreign parties.
Governments can have an intermediary or brokerage role by initiating and supporting technology transfer.
Governmental agencies can actively support local enterprises to obtain the latest resource-efficient technologies.
Companies investing in developing countries may also support the transfer of existing technologies not only to their subsidiaries but also to local companies operating in the area where the company is channelling its investments.