Bożena Kaczmarska, Wacław Gierulski, Vasyl Lypchuk

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Abstract. The methodology to assess technology readiness is currently the key instrument in supporting the decisions to finance research and development projects. It was originally used in the area of aviation and space technologies, where the requirements connected with reliability and resilience to extremely difficult conditions are very high. Nowadays the methodology is used in Poland in the evaluation of research and development activities related to commercial market that is characterized by massive diversity. The need to apply this methodology in the process of commercializing new products is indicated in this study.

Key words: Technology Readiness Levels, commercialization, innovation, product life cycle, financing research and development projects

Technology readiness assessment in terms of financing reaserch and developement projects

an international quarterly journal on economics of technology and modelling processes