Study of the Factors Affecting Adaption of Sustainable Technology Transfer

Adopting sustainable technology transfer practices is crucial for promoting environmental preservation, efficient resource utilization, socioeconomic progress, and resilience to climate change, thus ensuring a more sustainable and equitable future. This study aimed to evaluate how specific factors influence the adaptation of technology transfer and their alignment with sustainability principles. Data were gathered from industry experts and practitioners using a mixed methods approach. Structural equation modelling (SEM) was employed with 135 respondents to conduct confirmatory factor analysis using AMOS. The results underscore the significance of prioritizing Monitoring and Evaluation, as well as Policy and Regulation efforts to support the adaptation of technology transfer for sustainable initiatives. Conversely, the negative correlation observed between Stakeholder Engagement and technology transfer adaptation suggests the need to carefully balance engagement activities. Although Environmental Considerations exhibit a positive association with technology transfer adaptation, the lack of statistical significance calls for further investigation. The high R-square value affirms the model's strength in explaining variations in technology transfer adaptation, advocating for a strategic resource allocation strategy that emphasizes effective monitoring and evaluation, supportive policy frameworks, and equitable stakeholder engagement. Collaboration is essential to tackle identified challenges and capitalize on opportunities to advance sustainable technology transfer, drive innovation, and foster resilient communities. This study enriches the existing literature on technology transfer sustainability, providing valuable insights for policymakers, practitioners, and scholars striving to address urgent environmental, social, and economic concerns.