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How Ready is Your Idea for the Market?

Technology readiness levels (TRLs) are a method for estimating the maturity of technologies during the acquisition phase of a program, developed at NASA during the 1970s. The use of TRLs enables consistent, uniform discussions of technical maturity across different types of technology.[1] A technology’s TRL is determined during a Technology Readiness Assessment (TRA) that examines program concepts, technology requirements, and demonstrated technology capabilities. TRLs are based on a scale from 1 to 9 with 9 being the most mature technology.[1] The US Department of Defense has used the scale for procurement since the early 2000s. By 2008 the scale was also in use at the European Space Agency (ESA), as evidenced by their handbook.

The European Commission advised EU-funded research and innovation projects to adopt the scale in 2010.[1] TRLs were consequently used in 2014 in the EU Horizon 2020 program. In 2013, the TRL scale was further canonized by the ISO 16290:2013 standard.

The primary purpose of using technology readiness levels is to help management in making decisions concerning the development and transitioning of technology. It should be viewed as one of several tools that are needed to manage the progress of research and development activity within an organization.

readiness, How Ready is Your Idea for the Market?, Innovolo Ltdreadiness, How Ready is Your Idea for the Market?, Innovolo Ltd

readiness, How Ready is Your Idea for the Market?, Innovolo Ltd

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