Measuring technology readiness for investment: accelerating technology development and improving innovation performance

George Adam, Kyle Preston Andrews, Mel Armstrong, Umit Sezer Bititci, Peter Flinn, William John Jackson, Andrew Mayfield, Toby Peters, Tom Pfefferkorn, James Millar Ritchie

Research output: Book/ReportOther report

Abstract

The purpose of this document is to report on the work done to develop a methodology for measuring technology readiness to enable more objective and constructive conversations between investors and technology entrepreneurs. The ultimate objective is to accelerate technology development and improve the innovation performance of UK engineering and manufacturing companies, which represent around 20% of the UK economy.
The project was funded by Innovate UK’s Catapult capability development fund1, and undertaken by the Manufacturing Technology Centre (MTC) and Heriot-Watt University between November 2016 and March 2017. The overarching idea was that a measurement of technology readiness should not only provide a snap-shot of a technology’s readiness at a given date, but also provide insight into what remains to be done to fully commercialise it.
Original languageEnglish
Number of pages40
Publication statusPublished - Apr 2017

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    Adam, G., Andrews, K. P., Armstrong, M., Bititci, U. S., Flinn, P., Jackson, W. J., Mayfield, A., Peters, T., Pfefferkorn, T., & Ritchie, J. M. (2017). Measuring technology readiness for investment: accelerating technology development and improving innovation performance.