NITI Aayog unveils TCRM Matrix Framework to revolutionize technology assessment and drive innovation in India
NITI Aayog today released the Techno-Commercial Readiness and
Market Maturity Matrix (TCRM Matrix) Framework to Drive Innovation and
Entrepreneurship in India.
NITI Aayog, released, under the NITI Working Paper
series, 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 in India.
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.
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 landscape," said Dr VK
Saraswat, Member (Science & Technology), NITI Aayog. "By providing a
robust assessment tool, we aim to empower stakeholders across the nation to
make informed decisions, enhance technology commercialization prospects, and
propel India towards becoming a global leader in innovation."
The working paper is authored by Dr VK Saraswat, Member,
NITI Aayog along with Dr Neeraj Sinha, Senior Adviser, Naman Agrawal,
Specialist, Naba Suroor, Associate and Siddhey G Shinde, Young Professional,
NITI Aayog.
The Government of India, through NITI Aayog, remains
steadfast in its commitment to fostering innovation and entrepreneurship. The
release of this working paper is a testament to the government's continuous
efforts to drive technological advancements and economic growth. The TCRM
Matrix framework is set to play a pivotal role in catalyzing India's innovation
ecosystem and creating a conducive environment for transformative ideas.
The link of the said working paper can be accessed here
<<https://niti.gov.in/sites/default/files/2023-07/TCRM-Matrix-Framework-FAD3.pdf>>.