Expert Talk on Innovation and Technology Readiness Level

On 09.05.2023Expert talk on “Innovation and Technology Readiness Level” was organized by the Entrepreneurship Development Cell and IIC in association with the Department of CSBS under the activity code ACT/22-23/01336. The session was handled by Dr. R. PremAnanth, AP/ ECE, FXEC. The program was coordinated by Dr. T. Manimozhi, EDC Coordinator of CSBS, Professor/Mathematics, FXEC.

The resource person started the session by explaining Technology Readiness Level (TRL) as a systematic approach used to assess the maturity and readiness of a technology or innovation for practical application. It provides a framework to evaluate the technological progress and potential risks associated with transitioning a concept from the laboratory to the market. TRLs are typically categorized into nine levels, ranging from TRL 1 (basic principles observed) to TRL 9 (commercially available). He insisted that assessing the TRL of a technology is crucial for decision-making, resource allocation, and risk management. He further added that TRL helps organizations to understand the readiness and feasibility of implementing a technology, estimate the time and resources required for development, and identify potential challenges or gaps that need to be addressed. The students from II year CSBS and faculties of CSBS department attended the session.