Objective: to analyze the behavior of technology transfer capability over time in Brazilian public institutions of higher education. Method: the extended case method was adopted in two national institutions of reference in technology transfer management. Interviews, observations, and document analysis were the main techniques for data collection. The analysis was performed using also the techniques of the extended case method. Results: became evident that the behavior of a capacity, during its existence, may not obey a linear curve, but vary over different stages and undergo different mutations. Conclusions: it was concluded that the lifecycle of a capability would not be exactly equivalent or limited to the heuristic of a biological lifecycle with predictable entropy until the total collapse. Unlike this, considering the environment and the conjuncture, a capability can come back to exist as long as it is understood as opportune and feasible. The findings advance the understanding of the technology transfer process that now has the explanatory potential of dynamic capabilities.