Market Maturity categories
All featured innovations are automatically assigned to one of 4 maturity categories. The categories reflect the relationship between an innovation's technological readiness and the commitment of its innovators in terms of “Innovation Management”. This is visualised in the graph below - value for the "Innovation Readiness" sub-indicator on X-axis, value of "Innovation Management" sub-indicator on Y-Axis (these are sub-indicators of the "Innovation Potential Index" of the Innovation Radar methodology).
Technologically mature innovations considered ‘Ready for the market’
Innovations progressing on technology development process. Further action in terms of market-oriented actions are required.
Innovations for which concrete market-oriented ideas are in place (e.g. market studies, business plans). Further progress on tech development is required.
Innovations in early phases of technological readiness, with high commitment from organisations developing them.
More details on this are available here (PDF file).
