The Institution’s Innovation Council in association with the Innovation and Entrepreneurship Development Centre of Ahalia School of Engineering and Technology conducted an expert talk on “Process of Innovation Development & Technology Readiness Level (TRL) & Commercialisation of Lab Technologies & Tech Transfer” on 10.02.2022. The session was handled by Dr. K Lakshmi, Professor and Head, Department of Electrical and Electronics Engineering, Srikrishna College of Technology, Coimbatore. The speaker first explained about innovation development and the various processes involved in developing a new product. She explained the various stages in detail and emphasized on those stages where the mentors can provide the required guidance to students. The speaker then explained about Technology Readiness Levels. TRL’s measure the maturity level of a technology throughout its research, development and deployment phase progression. TRL’s are based on a scale from 1 to 9, with 9 being the most mature technology. The last part of the session dealt with commercialisation of technology and tech transfer. Technology transfer, or Tech Transfer a.k.a. transfer of technology (ToT), is a process in which technology or knowledge developed at one organisation is transferred to another, typically for the purpose of commercialisation. Technology transfer can be accomplished through a variety of methods including licenses to use protected intellectual property, and may also include exchange of know-how and materials. Commercialising technology requires the ability to identify potential markets, develop products that satisfy those needs, and manage distribution channels. The session was extremely informative.
Around 53 participants attended the event.
