Decoding TRL, MRL, IRL, IP & Commercialization, Tech Transfer
The talk explains why strong innovations fail, not due to weak technology, but due to misunderstood readiness. Innovation is a staged risk reduction process spanning Technology Readiness (TRL), Manufacturing Readiness (MRL), Investment Readiness (IRL), and Intellectual Property (IP). Academia typically advances TRL but underdevelops market validation, manufacturing scalability, IP strategy, and commercialization pathways. The critical gap lies between prototype and market, where motivation, funding, and adaptability decline. Effective incubation acts as a risk translator, synchronizing technical validation, production capability, market readiness, and protection strategy. Innovation succeeds only when technology works, manufacturing scales, markets adopt, IP protects, and business models sustain impact.
21st Century Engineering College in Coimbatore
World is transforming everyday. In the rapidly evolving engineering landscape, we have an Increased responsibility to transform the engineering education from traditional curriculum to meet the 21st century skills like Creativity, Critical Thinking, Collaboration and Communication. Through our unique and strategic approach we enable our students to learn beyond and prepare them for life long success.
