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NTTAA meaning in Governmental ?

Answer» What is National Technology Transfer and Advancement Act mean?

The National Technology Transfer and Advancement Act (NTTAA; United States Public Law 104-113) was signed into law March 7, 1996. The Act amended several existing acts and mandated new directions for federal agencies with the purpose of:

bringing technology and industrial innovation to market more quicklyencouraging cooperative research and development between business and the federal government by providing access to federal laboratoriesmaking it easier for businesses to obtain exclusive licenses to technology and inventions that result from cooperative research with the federal government

The Act made a direct impact on the development of new industrial and technology standards by requiring that all Federal agencies use cooperatively developed standards, particularly those developed by standards developing organizations.

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