Technology has always been on par with the current need and is always developing itself for something better.
This Tuesday (18th July) NITI Aayog introduced the TCRM (Techno- commercial readiness and market maturity) matrix which aims to revolutionize technology assessment, fuel innovation, and even entrepreneurship in the country which is indeed a big step towards the advancement and development of India. It offers valuable insights and even practical intelligence to all stakeholders involved in the Department of technology.
It emphasizes a historical revolution of technology assessment framework which includes Technological, commercialization, and market readiness level. By building upon these frameworks the TCRM presents an integrated assessment model which ultimately offers in-depth valuable insights to all stakeholders at every stage of technology. Due to this policymaker, strategists, academicians, and even investors unlock its full potential leading to meaningful and necessary change. This introduction of the TCRM matrix framework is surely a significant milestone for India’s innovation and entrepreneurship landscape.
By providing such a robust assessment tool, they aim to empower stakeholders across the nation to make informed decisions, improve technological commercial prospects and motivate India in becoming a global leader in innovation.
The adoption of this framework requires a comprehensive analysis and contextualization within the national and sectoral landscapes. India can unlock its innovation by utilizing this framework and even establish itself as a driving force in the global technology arena.
This framework is surely something that paves the way for the new era of technology in India, offering an integrated approach that gives an assurance to shape the country’s technological landscape for years to come. India will surely stride confidently towards a brighter and more innovative future.