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The main purpose of technology transfer is to aid the economy of the country by making the products more competitive in world markets, which can be described by the two major goals of the REO are:
· Technology Push: Identify, market and license commercially viable technologies to business and industry
· Market Pull: Identify current and future industry needs and match ZUJ capabilities to those needs through research partnerships.
To accomplish its goals, REO employs a flexible set of technology transfer tools including:
· License agreements
· Cooperative research agreements
· Industrial funding agreements
· Partnerships with regional high-tech companies
· New business spin-offs