9 This paper focuses on developing first stage or entry level Technology or Knowledge Transfer activities in relative young universities. The method used is adapting business plan approach to universities’ development work. Our main focus lies on the concept of Knowledge- or Technology Transfer Organisation. The qualitative data consists of workshops conducted in Albanian universities during 2013 and 2014, and the results of the development work done in the Albanian universities. Critical Success Factors for establishing an effective Technology Transfer Organisation are evaluated with the observations in these universities. In addition, the critical functions for a Technology or Knowledge Transfer Organisation are located on a Business Plan Template. https://ijhem.com/details&cid=9 https://ijhem.com/cdn/article_file/i-1_c-9.pdf Volume 01 Issue 1 1 2014-08-01 2014-10-16 no University third mission technology-transfer Albanian universities business plan approach none 5123 6 0 SEPPALA, KAAPO M Brahea Centre, University of Turku SINERVO, PETTERI Brahea Centre, University of Turku CHARPENTRON, CELINE Brahea Centre, University of Turku