Technology transfer – financing opportunities and limits in European Union

Technology transfer is an important instrument for promoting the economic growth and new jobs creation. Despite a high potential, the exploitation level of the research results is quite low in Europe. There are numerous barriers (structural, economic and legal) which affect the spin-out initiatives at the European Union but the main cause is represented by the lack of the investment funds, especially in the early stages (pre-seed and seed) of business development. Moreover, these deficiencies were increased by the effects of the international financial crisis, felt by majority states in the last period.