Knowledge transfer is a new role undertaken by significant universities. The part of universities used to be research and education. Currently, knowledge transfer has been added to these roles. The aim of knowledge transfer is to use new knowledge produced from research to create projects. These projects can help in improving the community, industry, education and health. This can be achieved through collaboration with industry and innovative projects. in the example you mentioned, chemistry, it could be through joint projects with industry- production of new chemicals, or materials from chemicals, or medications etc. it is not about the learning process. It is about the use of knowledge and transfers new knowledge to projects.