NITI Aayog Unveils TCRM Matrix Framework

• 21 Jul 2023

NITI Aayog, India's premier policy think tank, has introduced the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix) framework to transform technology assessment.

Key Points:

• Igniting Innovation and Entrepreneurship: The TCRM Matrix aims to ignite innovation and entrepreneurship across India by providing a comprehensive framework for technology assessment.
• Integration of Core Principles: The TCRM Matrix framework builds upon the core principles of existing technology assessment frameworks, including Technology Readiness Level (TRL), Commercialization Readiness Level (CRL), and Market Readiness Level (MRL) scales.
• Comprehensive Assessment Model: By integrating these principles, the TCRM Matrix offers an integrated assessment model, empowering stakeholders with in-depth insights at every stage of technology development.
• Supporting Technology Ecosystem: The TCRM Matrix is designed to support India's technology ecosystem, fostering the growth of cutting-edge technologies and encouraging their successful implementation in the market.
• Driving Technological Advancements: With the TCRM Matrix framework in place, India aims to drive technological advancements and establish itself as a leading hub for innovation and technology development.