Version 1
: Received: 23 August 2023 / Approved: 24 August 2023 / Online: 24 August 2023 (10:12:25 CEST)
How to cite:
Yfanti, S.; Sakkas, N. Technology Readiness Levels (TRLs) in the Era of Co-Creation. Preprints2023, 2023081740. https://doi.org/10.20944/preprints202308.1740.v1
Yfanti, S.; Sakkas, N. Technology Readiness Levels (TRLs) in the Era of Co-Creation. Preprints 2023, 2023081740. https://doi.org/10.20944/preprints202308.1740.v1
Yfanti, S.; Sakkas, N. Technology Readiness Levels (TRLs) in the Era of Co-Creation. Preprints2023, 2023081740. https://doi.org/10.20944/preprints202308.1740.v1
APA Style
Yfanti, S., & Sakkas, N. (2023). Technology Readiness Levels (TRLs) in the Era of Co-Creation. Preprints. https://doi.org/10.20944/preprints202308.1740.v1
Chicago/Turabian Style
Yfanti, S. and Nikos Sakkas. 2023 "Technology Readiness Levels (TRLs) in the Era of Co-Creation" Preprints. https://doi.org/10.20944/preprints202308.1740.v1
Abstract
Technology Readiness Levels (TRLs) is a well-established and widely used approach for defining the readiness of new technology. To this extent, it assesses technology maturity against specific benchmarks, ranging from 1 (concept) to 9 (market solution). Although this is a useful classification service, allowing us to establish a common language, there are cases where we find that this conceptual approach fails to adequately highlight the maturity of certain innovative endeavors and effectively steer their development to higher TR levels. We will present an empirical case where the TRL approach presented a critical shortcoming in highlighting the true and effective readiness of a specific technological development and could not suggest the next natural step in ascending the maturity ladder. We will seek to generalize for the case of co-creation at large, analyze why co-creation may be poorly serviced by the current TRL model and suggest an amendment that would allow the observed shortcoming of the traditional TRL approach to be overcome and its use extended also in such co-creative settings.
Keywords
innovation; open innovation; co-creation; knowledge economy; joint ownership
Subject
Business, Economics and Management, Business and Management
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
