The transfer of advanced technology is essential for economic development.

It enables countries to accelerate the acquisition of knowledge, experience and equipment related to advanced, innovative industrial products and processes. This, in turn, builds the skills of the local workforce and creates new high-tech employment opportunities.

Technology transfers for medicines and vaccines can bring additional, unique benefits. These transfers not only drive economic and social development, but can also help improve the health of recipient countries’ populations by increasing access to innovative medicines and vaccines.

To chart the best path forward, it’s essential to understand the current landscape for technology transfers, the factors that enable success, and how different stakeholders can work together to deliver on these prerequisites.

This position paper details essential steps for effective, sustainable technology transfers, as well as industry’s recommendations.