The NITI Aayog, released, under the NITI Working Paper series, the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix) framework, a pioneering assessment tool designed to revolutionize technology evaluation, foster innovation, and fuel entrepreneurship in India.

• The Working Paper casts light on the historical evolution of technology assessment frameworks, including the Technology Readiness Level (TRL), Commercialization Readiness Level (CRL), and Market Readiness Level (MRL) scales.
• By building upon these frameworks' core principles, the TCRM Matrix framework presents an integrated assessment model that offers in-depth insights and actionable intelligence to stakeholders at every stage of the technology development cycle.
• The working paper provides clear guidelines for integrating the TCRM Matrix framework within the broader innovation ecosystem. 
• The introduction of the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix) framework is a significant milestone for India's innovation and entrepreneurship landscape.
• By providing a robust assessment tool, the Government aim to empower stakeholders across the nation to make informed decisions, enhance technology commercialization prospects, and propel India towards becoming a global leader in innovation.
• The working paper is authored by Dr. V.K. Saraswat, Member, NITI Aayog along with Dr. Neeraj Sinha, Senior Adviser, Sh. Naman Agrawal, Specialist, Ms. Naba Suroor, Associate and Sh. Siddhey G Shinde, Young Professional, NITI Aayog.