This research work proposed that innovation, knowledge, and technology transfer process capability model can contribute in collaboration between science and business sector. InnoSPICE model can be one of the effective mechanisms in improving research result quality and to increase scientists’ motivation in promotion and dissemination of their founding. Given approach is also applicable for any process oriented activity assessment and
improvement and can be adapted to any organization needs. Future plans are related to the promotion of Riga Technical Universities research results and further adaptation of the proposed technology transfer model for systematic transfer.