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The aim of this article is to discuss and analyze the status of science, technology and industry in Ethiopia. Firstly conceptual clarification of the terms science, technology and industry was accomplished. The relation among these concepts and their journey from Ethiopian context was discussed in relation to the emergence of science, technology and industry from the global context. The second issue that discussed in this article the status of transfer of science, technology and industry in Ethiopia and the challenges examined the task. Among others, some reasons that were obstacle for the transference of science from given area of the world to other area especially from early industrialized world to Ethiopia was analyzed. The development experience of some newly industrialized countries next to western countries was raised briefly. Ideas that has ischolar_main in epistemology like the meaning of knowledge, innovation and other related issues was elaborated .Some remedial action that might facilitate technology transfer in Ethiopia to boost knowledge based economy was suggested.


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