This paper examines the benefits of and barriers to technology transfers from academia to industry perceived by entrepreneurs and particularly associated with the dimensions of Entrepreneurial Capacity. This study is one of the first in which the analysis of the topic goes beyond the high-tech sectors. It is based on a survey of representatives of Small and Medium Enterprises (SMEs) dedicated to the production of Leather and Footwear in Peru. The main findings were that the Absorption Capability dimension had a positive relationship coefficient with the understanding of the benefits of and barriers to technology transfers, while the Networking Diversity dimension presented a negative relationship coefficient. Likewise, this study shows that the main barriers to technology transfer were the fear of information leaks and the lack of training. The results of this research can add value to decision makers in industry, academia, and government agencies interested in science and technology policies.