The FLC was organized in 1974 and formally chartered by the Federal Technology Transfer Act of 1986.
[2] More than 250 federal laboratories and centers and their parent departments and agencies are currently FLC members.
For the public and private sectors, the FLC brings laboratories together with potential developers and users of government-owned technologies.
The FLC seeks to add value to the federal agencies, laboratories, and their partners to accomplish the rapid integration of research and development resources into commercial products.
The Consortium's vision is to actively promote the fullest application and use of federal research and development by providing an environment for successful technology transfer, thereby enhancing the socioeconomic well-being of the United States in the world.