Technology Transfer (TT) has been identified as an important approach to achieve competitive advantage over other organisations. The objective of this paper is to contribute to the existing literature by comprehensively reviewing and identifying enablers and barriers to implement TT. In this paper, background of TT and major contributions given by various researchers in the field of TT has been presented. The ‘factors to enable TT implementation successfully (referred to as enablers)’ and ‘barriers to hinder this process of TT implementation’ have been identified. Based upon extensive literature review, conceptual model has been put forward. Enablers and barriers to implement TT need to be addressed and examined critically. This review will surely help researchers and practitioners in better understanding towards implementation of TT in most effective way.