As businesses delve into the dynamic realm of Research and Development (R&D), understanding the nuances of Technological Readiness Levels (TRL) becomes pivotal. The TRL serves as a roadmap, guiding companies through the intricate journey from ideation to the pinnacle of technological maturity.
At this embryonic stage, concepts are born, but practical applications are yet to be defined. It's the genesis, the spark that ignites the R&D journey.
Basic research unfolds, exploring novel concepts and ideas. Here, the foundation for potential breakthroughs is laid.
Feasibility is established, and basic experiments commence. However, the path to application remains obscured.
Testing and validation in controlled settings address technical challenges, propelling the technology closer to practical application.
The technology steps into the real world, tested in simulated conditions to ensure functionality under real-world constraints.
Advancing further, a large-scale prototype is developed, showcasing the concept's feasibility in a more expansive setting.
Significant progress is made as a prototype system takes shape, reflecting tangible strides in development.
The technology is now complete and qualified. Rigorous testing and validation affirm its readiness for the next phase.
In the final stages before commercialisation, the technology stands as a pioneer, marking a significant milestone.
The zenith of readiness, the technology is mature and poised for full-scale commercial application, a testament to its journey's culmination.
Each stage on the TRL represents a crucial stride towards turning ideas into impactful realities. Recognising where a project stands on the TRL scale is important for a myriad of reasons. Mazars is here to guide you through this journey, from conception to commercialisation.
Mazars was delighted to participate in the 2023 annual tax advisors survey with the Business Plus, which was published in November. Frank Green, Head of Tax, responds to editor Nick Mulcahy’s questions.