Innovation Readiness Level
A Practical Way to Assess Innovation Readiness
This new tool provides a structured, evidence-based assessment of innovation development, tailored specifically to the conditions of the Life Science sector. It builds on the KTH Innovation Readiness Level (KTH IRL) framework and helps companies analyse their idea from several key perspectives, creating a clear overall view of their current position.
The tool makes it easier to identify both strengths and areas for development, providing a solid foundation for continued progress.
How Does it Work?
By answering a series of questions, companies receive a comprehensive overview of their innovation readiness and development needs.
The analysis tool is divided into three Life Science areas and includes specific dimensions for:
- Health Technology
- Medical Technology and Diagnostics
- Drug Development
The assessment serves both as internal development support and as a basis for dialogue with investors, partners and other stakeholders.
This is an example of how innovation readiness can be visualised across the different dimensions. It provides a clear snapshot of where an innovation stands and what is required to take the next step.
Eight perspectives on innovation readiness
Understanding how mature an innovation is requires several perspectives to be considered together. The Innovation Readiness Level (IRL) tool does this through eight dimensions that highlight development, implementation and future potential.
Each dimension addresses a central aspect of innovation readiness and is assessed on a scale from 1 to 9, with clear definitions for each level.
For every dimension, the milestones and activities required to progress to the next level are described. This creates structure, makes progress measurable and supports clear prioritisation in the innovation process.
- CRL: Customer Readiness
- TRL: Technology Readiness
- TMRL: Team and Organisational Readiness
- BRL: Business Model and Scalability Readiness
- IPRL: Intellectual Property Readiness
- FRL: Funding Readiness
- RRL: Regulatory Readiness
- SRL: Sustainability Readiness
Who is it for?
The IRL tool is designed to support teams developing innovations, as well as coaches and other stakeholders who work to monitor and support development processes. It can be adapted to the company’s stage and specific needs.
The results are used to identify focus areas and to provide a clear foundation for the next steps in the development journey.
The tool is suitable for early-stage start-ups, growing companies and more established organisations that want to bring structure and clarity to their innovation work.
Facts
What is Innovation Readiness Level (IRL)?
Innovation Readiness Level (IRL) is a framework used to assess how ready an innovation is to take the next step in its development.
What is a Life Science IRL?
A dedicated analysis tool tailored to companies in the Life Science sector, helping them assess how ready their innovation is to progress to the next stage.
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