Technology transfer has been used very generally to describe the movement of ideas, equipment, and people among institutions of higher learning, the commercial sector and the public. However, this conventional approach is now evolving into the broader concept of knowledge transfer, which describes the movement of knowledge, ideas, concepts and techniques from a formative location, generally, institutions of advanced education, out to all areas of the social and economic environment. This paper will examine both traditional and innovative methods of quantifying and qualifying the benefits of knowledge transfer around the world.