Technology transfer Management and exploitation of intellectual property This model to the valorisation of research results is based on the linear innovation paradigm: research generates discoveries; based on these new insights, applications are subsequently conceived and protected by intellectual property rights (patents). The eventual development is licensed to industry. The technology transfer model thus involves protection through intellectual property rights in order to establish an exploitation monopoly for a particular area and timeframe. The granting of a patent suggests an economic improvement compared to the state of the art. However, the likelihood that the company best suited to exploit this patent is physically located in close proximity to the inventors is, of course, quite low. This is why public research organisations are increasingly establishing structures specialising in technology transfer called "Tech Transfer Offices". The aim of these structures is to facilitate the management and use of the organisation's portfolio of intellectual property rights. Patents can be "strategic" or "tactical". Strategic patents involve quite fundamental inventions characterised by the fact that lengthy, expensive development will be required to bring them to the market. Businesses are unlikely to invest the necessary funds unless the invention is protected by a patent. The filing of such patents by public research organisations is legitimate, as it promotes the development of useful inventions which, in the absence of such patenting, would never be exploited. Moreover, the existence of these patents, which are readily traceable through search engines, can stimulate fruitful collaborations. Tactical patents are dedicated more specifically to improvements of existing products; these upgrades may already have been developed before the patent is filed. The aim is to protect market share. The case for patenting of such developments by a public research organisation is less clear-cut, unless they derive from collaboration with a specific company. If so, ownership of the patent frequently passes to the company, which pays the cost of patenting. Various tools are available to facilitate technology transfer. These include: the Enterprise Europe Network (EEN) the Technology Innovation International (TII) network for technology transfer and innovation professionals. Luxembourg's clusters also play a crucial role by providing a platform for interaction between the country's stakeholders and enhancing transnational promotion. This text is based on a report by Dr Gilles Capart.