I3C IIT Jammu

Market Readiness Validation

This questionnaire aims to evaluate the market readiness of a product by assessing both its technological development and commercial viability. The assessment is based on two key metrics: the Technology Readiness Level (TRL) and the Commercial Readiness Index (CRI). By answering the following questions, you will gain insights into the readiness of your product for market launch and potential success.

Instructions:

  • Respond to each question based on the current status of your product.
  • Choose the option that best reflects the progress and readiness level of your product.
  • Be honest and accurate in your responses to ensure a precise evaluation.
  • Once completed, review your responses to gain insights into areas of strength and areas that may require further development.

Try The MRL Quiz To See Where You Land!

Technology Readiness Level

Have the basic principles of the technology been observed and reported?
Has the technology concept and/or application been formulated?
Has the critical function and/or characteristic been demonstrated through analytical and experimental proof-of-concept?
Has a component and/or breadboard been validated in a laboratory environment?
Has the component and/or breadboard been validated in a relevant environment?
Has a system/subsystem model or prototype been demonstrated in a relevant environment?
Has the system prototype been demonstrated in an operational environment?
Has the actual system been completed and qualified through test and demonstration?
Has the actual system been proven through successful mission operations?
Technology Readiness Level
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CRI Quiz

Commercial Readiness Index

Have initial market studies and business model concepts been validated?
Have you received interest from first customers or early adopters?
Are product prototypes ready for initial commercial trials?
Has the product been launched in the market with initial sales made?
Is the product gaining early traction with a growing customer base?
Is there significant growth in sales and market presence?
Is the product entering new markets or segments?
Is the product established in the market with stable and recurring revenue?
Is the product a leader in its market segment with high market share?
Commercial Readiness Index
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