Technology transfer

Article Abstract:

Patents for technological innovations developed by various research centers are now being sold to firms which continue the study for product development. This generates for them savings in time and cash outlay for initial research. Commercialization of inventions and discoveries was sanctioned by laws which compel federal scientists to allow transfer of technology in return granting them 15% in royalties received. Likewise, such licensing arrangements prove beneficial to the research laboratory in seeking grants from corporations. Business enterprises, on the other hand, face the challenge of making their investments on these new technologies pay.

Management, Product development, Economic aspects, Intellectual property, Technological innovations, Licensing agreements, Technology transfer

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Back in business

Article Abstract:

Fox Manufacturing Company Inc's only plant was gutted by fire in May 1990. Fox is back in business again and the company's founder, Dale Fox, offers some advices to prevent disastrous circumstances. Keeping close relations with customers, legal and accounting experts is essential for staging a recovery plan for the company. Keeping back-up files in fire-proof cabinets and never leaving it unlocked, ensures smooth rebuilding of documents. Business interruption insurance with adequate insurance coverage is an absolute requirement.

Games, toys, and children's vehicles, Household Furniture, Methods, Usage, Safety and security measures, Furniture industry, Fire prevention, Fox Manufacturing Company Inc., Business interruption insurance

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Government services go private

Article Abstract:

State and federal agencies have increasingly turned to the private sector to carry out such responsibilities as child support and golf course management. The small businessman is advised to be ever on the lookout for such opportunities. In fact, around 80% of government contracts go to small businesses. A guide to becoming an effective bidder and contractor for government services is presented.

Contracts, Industrial policy

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