NITI Aayog introduces TCRM Matrix framework to revolutionize tech evaluation, foster innovation

New Delhi: The NITI Aayog on Tuesday launched the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix) framework, aiming to revolutionize know-how evaluation and gasoline innovation and entrepreneurship within the nation.

The launch of the TCRM Matrix framework underneath the NITI Working Paper collection provides beneficial insights and sensible intelligence to stakeholders concerned within the know-how improvement cycle. 

The Working Paper casts mild on the historic evolution of know-how evaluation frameworks, together with the Technology Readiness Level (TRL), Commercialization Readiness Level (CRL), and Market Readiness Level (MRL) scales. 

“By constructing upon these frameworks‘ core principles, the TCRM Matrix framework presents an integrated assessment model that offers in-depth insights and actionable intelligence to stakeholders at every stage of the technology development cycle,” the NITI Aayog said in a statement.

The working paper provides clear guidelines for integrating the TCRM Matrix framework within the broader innovation ecosystem. By doing so, policymakers, strategists, academicians, and investors can unlock its full potential and drive meaningful change. The adoption of the TCRM Matrix framework necessitates a comprehensive analysis and contextualization within the unique national and sectoral innovation landscapes.

“The introduction of the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix) framework is a significant milestone for India’s innovation and entrepreneurship panorama,” stated V.Ok. Saraswat, Member (Science & Technology), NITI Aayog. 

“By offering a strong evaluation software, we goal to empower stakeholders throughout the nation to make knowledgeable choices, improve know-how commercialization prospects, and propel India in direction of changing into a worldwide chief in innovation.”

The working paper was authored by V.Ok. Saraswat, together with Neeraj Sinha, Senior Adviser, Naman Agrawal, Specialist, Naba Suroor, Associate, and Siddhey G Shinde, Young Professional, all related to NITI Aayog.

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Updated: 19 Jul 2023, 01:40 AM IST