Scientific Knowledge and Technology Transfer Policy in the EU

Abstract

– The article focuses on identifying possibilities to facilitate scientific knowledge and technology transfer and commercialization by means of public policy. Theoretical rationale for technology transfer public policy is analysed, specifically – market failure, system failure and authors' suggested cultural failure approaches are discussed. Based on the theoretical approaches, the EU public policy and the example of Lithuanian public policy in the field of technology transfer is analysed. Recommendations for adopting ecosystem approach towards fostering technology transfer are presented.