Sociopolitical realities and changes in the economic structure demand
that new products and processes be brought to the market place that wi
ll create new demands and hence generate well-paying jobs. Fortunately
it is not necessary to rely entirely on new research and development
(R&D) because a wide variety of prototypes have been developed in our
National Laboratories. Thus, the later could be spawning grounds for a
wide variety of commercialization initiatives. Unfortunately, this is
not occurring with sufficient alacrity because the existing technolog
y transfer apparatus suffers from communications lethargy. As a coroll
ary our National Laboratories are in jeopardy of atrophying because th
eir defense functions are being reduced. They were built at great cost
s, sophisticated facilities were created and cadres of renowned resear
chers were nurtured. They should be preserved for a variety of reasons
. In this article we describe how recent information technologies comm
only called multimedia and virtual reality could be applied to expedit
e the technology transfer from the National Laboratories to the commer
cial sector. We first review major characteristics of technology trans
fer. Then we comment on why traditional approaches are unlikely to be
successful. Finally, we propose a technological approach that can be p
ut in place with minimum cost and effort because the basic components
and techniques already exist.