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 ==== TECHNOLOGY TRANSFER OFFICE ====Technology Transfer Office is defined as an organization, such as a non- profit organization or a foundation, or a division or department, of a Research Member that engages in transferring technology on behalf of the Research Member  The Technology Transfer Office, also known as the License Office or Patent Office, plays a role in commercializing university inventions. Together with the entire team of staff and faculty, these professionals work to find techniques that carry the potential to provide financial returns.  Activities performed by TTO of Office of Technology Transfer  1.     TTO  TTO works with attorneys for securing patent and other intellectual property rights  2.     Tech  Tech transfer professionals assess the commercial potential of new inventions  3.     Technology  Technology transfer professionals’ market available technologies to potential licensees and partners,  4.     TTO  TTO educates researchers about commercialization principles and strategies  5.     TTO  TTO assists with faculty start-up creation and development  6.     Technology  Technology transfer professionals secure funding for early-stage research and start-ups  7.     Tech  Tech transfers involve negotiating partnerships and license agreements  8.     TTO  TTO organizes business plan and start-up competitions  9.     Technology  Technology transfer helps in building innovation ecosystems and support structures that promote innovation and economic development  10. TTO is involved in creating programs that encourage both students and faculty to innovate in labs and maker spaces, so entrepreneurial engagement occurs in a manner that those technologies and innovations can come in the market place ''' === Why TTO for our institution?''' ===This office will be like the extension part of the innovation and entrepreneurship cells. This office is also like a surety for the young minds that their idea can become big with the helps of this office.  We know that the Siddhartha academy is very big organization and it has many institutes under it. So if student from one institute can innovate many great things, just imagine if all the institutes under the Siddhartha academy share their knowledge, technology and experience. It will be a whole revolution. It will be a huge game changer for both the students and the faculty which in turn develops all the institutes.  The Siddhartha Academy has around 23 institutes under it in various fields that include Arts, Medical, Business, hotel management, law, engineering and many more.  Let us say if the medical college has a problem about participation in their blood donation camps or a health camp. The engineering college students can build an app where they can stay informed about the health camps and clear their queries.  Like this colleges can not only help the public with their products but they can also help each other and grow. The number of innovators and entrepreneurs will increase and will be from our institutions.  This will also increase the reputation and the standards of all the Siddhartha institutions. If this becomes a success then the Siddhartha academy becomes one of the leading educational foundations in the country.  HOW TO ESTABLISH A TECH TRANSFER OFFICE:  1. Analyze and prioritize the patent portfolio and other internal intellectual property (IP) “inventories” and capabilities to understand what your institution has to offer the outside world.  2. Analyze your R&D investments to understand the challenges your institution faces.  Note: So, #1 is what you have and #2 is what you need. And these are important steps, regardless of whether you’re a university, a company, or a government lab so that you can leverage both sides of innovation. Now let’s get back to our list.  3. Conduct market research to identify who has what you need and who needs what you have—you’re looking for the intersection of technologies and needs.  4. Develop a project plan for pursuing collaborative partnerships and licenses with the organizations that show up on both lists—and where you’re most likely to have success that maximizes value to the institution. (The NASA Massively Multiplayer Online Game Moonbase Alpha is an example of this type of success.)  5. Secure internal buy-in from the key personnel involved in the specific opportunity. You need to have the buy-in of the inventors of innovations you’re trying to out-license ''' === CONCLUSION''' ===If this is implemented then, then the number of innovations, entrepreneurs will increase from our institutes which contributes more to our society, which also happens to be the main motive of the Siddhartha trust foundation. ==The person in charge for this project is V.Srichandan.