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The chapter analyzed the knowledge transfer processes of the Latin American academy to the actors in its environment, and the Science, Technology, and Innovation policy that facilitates or inhibits the processes of generation and use of this university knowledge. The cases of Argentina, Brazil, Chile, Colombia, and Mexico were analyzed to understand the practice of the university knowledge transfer model at different levels – strategic, organizational, and operational – and the complexities involved in the process. It was evidenced by the urgent demand for the transformation of the Latin American University through sustainability and digitalization approaches to be a catalyst for development in the region. The chapter closes with a critical analysis of the phenomenon, future lines of research, and implications of the praxis.