"BioPhoT uses the following tools to evaluate research and innovation projects at entry, mid-term and final stages KTH Innovation Readiness Level a methodology developed by the KTH Royal Institute of Technology. A special workshop was held on 6 October to introduce the method and its application to the platform's innovators. A recording of the workshop and the materials to be used are available to anyone interested.
Workshop presentation:
The KTH IRL is a useful tool for research teams and Technology Transfer Offices (TTOs) beyond BioPhoT to assess the maturity of projects with commercial potential and to plan the work/tasks to be carried out to advance a specific idea/technology towards commercialisation.
The KTH Innovation Readiness Level methodology helps to assess the readiness of an innovation at different stages of development and covers all critical aspects: technology, market, business model, team, intellectual property and funding readiness. The methodology provides a structured approach to effectively develop and commercialise innovations and helps to identify critical points and priorities for the next steps of development.
The KTH IRL framework is based on six key dimensions of innovation development, each with a scale of 1-9 levels of readiness, with clear requirements and targets to be met at each level:
- Customer Readiness Level (CRL) - confirm customer needs and interest
- Technology Readiness Level (TRL) - to develop and test a technology, product or service
- Business Model Readiness Level (BRL) - to ensure the sustainability of the business model (financially, socially, environmentally)
- IPR Readiness Level (IPRL) - to clearly define and protect intellectual property rights
- Team Readiness Level (TMRL) - assemble and develop a competent and coherent team
- Funding Readiness Level (FRL) - to provide the necessary funding to turn an idea into a marketable product
Useful materials:
KTH IRL Methodology - User Guide:
KTH IRL key 6 dimensions of innovation development with a scale of 1-9:
KTH IRL self-assessment form:
KTH IRL Task and Activity Planning Form:
Specific technology readiness levels - pharmaceuticals, medical devices and diagnostics:
