Technology Readiness

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Abstract
Finance and technology meet at the crossroads of technology readiness. A disciplined method for assessing technology readiness assures that new products will integrate smoothly with downstream design and manufacturing processes and perform as expected in the user's environment. In the absence of a technology readiness assessment, unstable performance will disrupt later stages in the development process or, worse yet, appear once the product is in the hands of the customer. A structured technology readiness method like the one described here includes a development process that improves the stability of the technology until its performance meets predetermined criteria and an assessment component that measures the degree of technology readiness and the risk involved in proceeding to development. Such a technology readiness method can transform a technology stream into a reliable stream of profit.

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