Question
The NITI Aayog has released the TCRM framework, an
assessment tool that will allow stakeholders to jointly assess projects at the technology readiness level, commercialisation readiness level and market readiness level. What does ‘R’ in TCRM stand for?Solution
The NITI Aayog has released the TechnoCommercial Readiness and Market Maturity (TCRM) Matrix framework, an assessment tool that will allow stakeholders to jointly assess projects at the technology readiness level, commercialisation readiness level and market readiness level. The framework is expected to help the government prioritise funding, set regulations, mitigate risks and enhance public-private partnership. It is expected that the TCRM Matrix will help investors evaluate the commercialisation and market readiness of their portfolio companies while industry and startups can use the tool for internal project planning and decision-making on technology transfer or acquisition.
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