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

The discharge of the TCRM Matrix framework underneath the NITI Working Paper collection affords invaluable insights and sensible intelligence to stakeholders concerned within the know-how growth cycle. 

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

“By constructing upon these frameworks‘ core ideas, the TCRM Matrix framework presents an built-in evaluation mannequin that gives in-depth insights and actionable intelligence to stakeholders at each stage of the know-how growth cycle,” the NITI Aayog stated in an announcement.

The working paper offers clear pointers for integrating the TCRM Matrix framework throughout the broader innovation ecosystem. By doing so, policymakers, strategists, academicians, and buyers can unlock its full potential and drive significant change. The adoption of the TCRM Matrix framework necessitates a complete evaluation and contextualization throughout the distinctive nationwide and sectoral innovation landscapes.

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

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

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

Up to date: 19 Jul 2023, 01:40 AM IST