Information Technology Transfer Model as a Bridge between Science and Business Sector

Abstract

Statistics from Innovation Union Scoreboard 20151 shows that the Baltic States have a low innovation index in comparison with other European countries. One of the main reasons is that a lot of developed prototypes do not use in the business area and stay at the research laboratories. Research organization does not have a direct link to the market.The purpose of this paper is to contribute to the solution of problems in Latvian innovation system. Authors of this paper have selected innovation, knowledge and technology transfer model as the bridge between academia and market. During research work selected Information Technology (IT) research results developed in Riga Technical University (Latvia) were validated according to proposed technology transfer model.The paper presents a description of the communication process with the information technology developers and potential end-users and document results of it.