The technology development program aims at accelerating impact research that results in commercialization and technology development. The objective of this program is to bridge the gap between academic research and market and help researchers to develop innovative technologies for a greater economic and social impact.
The technology development program provides funding of up to 100,000 SAR to research projects with commercial values and would lead to creatingHi-Tech startups and companies.
The project must lead to developing proof-of-concepts and prototypes at high technology readiness level (6 and above).
TRLs are a method for assessing the maturity of a particular technology.
It's worth noting that different organizations may have slight variations in their definitions of TRLs and there are also other variations in readiness scale like DoD's (Department of Defense) Maturity of Technology Readiness Assessment (MTR) and Military Maturity Readiness Level (MRL)
They typically range from 1 to 9, with the following levels:
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