Over the years, universities have been considered as research centers that seek to collaborate with industries to create innovative products. This link has generated many concepts, among them being the concept of technology transfer. The objective of this work is to present a systematic review on the technology transfer generated in university-industry collaboration (UIC). Based on a review of 66 papers, the results presented in this article include the technology transfer (TT) models presented in the literature, a description of the common elements in a transfer process, and a description of the interaction between the elements involved, through the presentation of a conceptual model of technology transfer in the context of collaboration between the university and the industry.