While knowledge creation and dissemination--embodied in research and teaching--have long been responsibilities of colleges and universities, technology transfer is generally considered part of what has emerged in policy lexicon as the socalled "fourth mission" of higher education: economic development. 1 The emergence of a fourth mission implies that a university's economic development mission is distinct from its other three traditional missions: teaching, research, and outreach missions.
Hayter, C. S. (2016). A social responsibility view of the “patent-centric linear model” of university technology transfer. Duquesne Law Review, 54 (1), 7-52.