A NEW LENS FOR INNOVATION IN NEW INDIA - Introducing the Techno-Commercial Readiness and Market Maturity Matrix

Summary

Existing individual frameworks for assessing technology, commercialization, and market readiness (TRL, CRL, MRL) have limitations in providing a holistic view for innovation projects. NITI Aayog proposes the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix) framework to offer a joint, comprehensive assessment, thereby providing enhanced insights and actionable intelligence. This new framework aims to improve funding decisions, technology transfer, and overall commercialization outcomes within India's rapidly expanding R&D and startup ecosystem.

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Source Document

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