What are technology readiness levels in startups?
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What are technology readiness levels in startups?
Technology readiness levels (TRLs) are a systematic metric used to assess the maturity of a technology. They range from basic research to fully operational systems.
How do these levels impact startup funding?
Investors often look at TRLs to gauge the risk associated with funding a startup. Higher TRLs indicate a more mature technology, which can attract more investment.
Can you explain the different levels?
Sure! TRLs typically range from 1 to 9. Level 1 is basic principles observed, while Level 9 is a proven system in an operational environment.
What level should a startup aim for before seeking investment?
Startups usually aim for at least TRL 5 or 6, where the technology is validated in a relevant environment, to attract serious investors.
Are there any resources to help startups assess their TRL?
Yes, there are various frameworks and tools available online, including guides from organizations like NASA and the European Space Agency.
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