Nitesh Jain
NEW DELHI: NITI Aayog on July 19 released the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix) framework to drive innovation and entrepreneurship in India.
The NITI Aayog, released the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix) framework, a pioneering assessment tool designed to revolutionize technology evaluation, foster innovation, and fuel entrepreneurship.
The Working Paper casts light on the historical evolution of technology assessment frameworks, including the Technology Readiness Level (TRL), Commercialization Readiness Level (CRL), and Market Readiness Level (MRL) scales.
By building 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.