TCRM Matrix Framework

July 19, 2023

The NITI Aayog, a policy think tank of the Indian Government, recently unveiled a groundbreaking framework called the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix). This framework aims to transform technology assessment and stimulate innovation and entrepreneurship across the country.

TCRM Matrix: Unveiling a New Paradigm

The TCRM Matrix framework serves a vital purpose in revolutionizing technology assessment. By combining the core principles of existing frameworks, such as the Technology Readiness Level (TRL), Commercialization Readiness Level (CRL), and Market Readiness Level (MRL) scales, it offers stakeholders an integrated assessment model. This model provides in-depth insights and actionable intelligence at every stage of the technology development cycle.

Unlocking Potential: Who Benefits?

The TCRM Matrix framework empowers a wide range of stakeholders. Policymakers can make informed decisions based on comprehensive analysis and contextualization within the unique national and sectoral innovation landscapes. Strategists gain valuable guidance to enhance technology commercialization prospects. Academicians can leverage the framework to augment their research and teaching efforts, while investors can assess the potential of technology-driven ventures more effectively.

Driving Innovation: Goals and Significance

The framework aims to propel India towards becoming a global leader in innovation. By providing a robust assessment tool, it enables stakeholders across the nation to make informed decisions, foster technological advancements, and drive meaningful change.

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