Stimulating innovation and economic development through the establishment of technology transfer office

Technology transfer offices have an important role as facilitators in the management of the technology transfer process between academia and industry, and in stimulating innovation and economic development. This paper aims to provide a theoretical overview of the existing technology transfer office organizational forms and relevant factors for technology transfer, to analyze and discuss the relevant factors for successful technology transfer in Montenegro, and to identify the appropriate organizational form for the establishment of the Technology Transfer Office in Montenegro. The results of the conducted analysis indicate the establishment of the National Technology Transfer Office as the most appropriate organizational form in Montenegro. The establishment of the National Technology Transfer Office as an important and currently missing entity in the National Innovation System will have a positive impact on the technology transfer process, stimulating innovation and economic development in Montenegro.