A research management activity, Technology Opportunities Analysis (TOA), undertaken at The Georgia Institute of Technology (Georgia Tech) to identify and assess the implications of emerging scientific areas and new research technologies is described. TOA aims to aid the university plan and prioritize research and educational efforts. The TOA process combines a number of activities in the quest for technology planning information: 1. monitoring various literatures, 2. analyzing various funding trends, 3. analyzing bibliometric materials, 4. networking with experts, 5. assessing the implications of emerging technologies to present university capabilities, core competencies, gaps, and education objectives, and 6. analyzing policy and action options. Experiences encountered in setting up the TOA process are discussed and strong and weak points are presented.