Technology and developing nationsTechnology Transfer is ---------of converting knowledge to commercial application.

Technology transfer is the process of converting knowledge into commercial applications. This involves the sharing of technology, expertise, and skills from one organization, usually in a more developed country (or industry), to another organization, often in a developing nation.

The significance of technology transfer in developing nations lies in its potential to enhance economic growth, improve productivity, and boost innovation. Developing countries often face challenges related to infrastructure, education, and investment. By acquiring new technologies, particularly in crucial sectors such as agriculture, healthcare, and energy, these countries can advance their development agendas.

Moreover, technology transfer not only helps in integrating modern advancements but also encourages local capability building. As knowledge is assimilated, local industries may start to innovate independently, further promoting sustainable development. It is crucial, however, to ensure that such transfers are done ethically and with respect to local contexts, as misalignment can lead to failures in technology implementation.