Facebook Pixel Catching the scientific debris | Business Standard - newspaper - Read this story on Magzter.com
Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year

Try GOLD - Free

Catching the scientific debris

Business Standard

|

October 27, 2025

As the US dismantles its basic research engine, it creates a global crisis and a singular opportunity for India

- AJAY SHAH & PRALHAD BURLI

Societies need to create "innovation systems" through which the raw talent of researchers is organized, funded, and channeled. A valuable framework is the Technology Readiness Level (TRL). This concept (from the National Aeronautics and Space Administration, or Nasa) categorises the maturity of a technology from its conception to its deployment. TRL 1 is the establishment of basic principles. TRL 2 is the formulation of a technology concept. TRL 3 is an experimental proof-of-concept. These early stages, TRL 1-3, constitute basic and early-stage applied research. The middle stages, TRL 4-6, involve validating components in a laboratory, then in a relevant environment, moving from a "breadboard" setup to a functional prototype. This is the core of applied research & development (R&D). The later stages, TRL 7-9, move on to the actual system being proven, eg to a commercial product or deployed system.

This categorisation is not merely academic. Different TRLS require different kinds of organisations and funding mechanisms. For technologies at TRL 7 and above, the path to a market is clear. Private capital is available to fund this late-stage development and commercialisation. The risk is modest, the payoffs are understood, and timelines are relatively short. The problem lies in the early stages. For TRL 1-6, private funding is scarce. This is the zone where government funding must step in.

MORE STORIES FROM Business Standard

Business Standard

Business Standard

Trump says he will deploy ICE to airports over funding impasse

US President Donald Trump (pictured) threatened to deploy Immigration and Customs Enforcement agents to US airports on Monday if congressional Democrats did not immediately agree to fund airport safety.

time to read

1 min

March 23, 2026

Business Standard

Business Standard

Willing and raring to go for a new term: HDFC's Jagdishan

Sashidhar Jagdishan, managing director (MD) and chief executive officer (CEO), HDFC Bank, says there is no connection between the abrupt resignation of Atanu Chakraborty as part-time chairman of the bank and the lender's action against some employees on account of gaps in requirements regarding taking on board clients at its DIFC branch in the United Arab Emirates (UAE). In a video conversation with Manojit Saha and Subrata Panda, he says the bank's internal processes are robust enough to address issues that surface, and it remains focused on growth. Edited excerpts:

time to read

6 mins

March 23, 2026

Business Standard

Business Standard

Markets brace for more turbulence

Sensex and Nifty 50 have declined over 8% since beginning of the war

time to read

2 mins

March 23, 2026

Business Standard

Business Standard

A structural reset in Indian M&A financing

India’s merger and acquisition (M&A) and corporate financing landscape is entering a more dynamic phase.

time to read

2 mins

March 23, 2026

Business Standard

Indian refiners upbeat on buying Iranian oil

Awaiting clarity on payment mechanisms

time to read

3 mins

March 23, 2026

Business Standard

Business Standard

How the 'great replacement' theory went global

By some lights, our current political predicament comes down to a single powerful idea, which was born 30 years ago in the south of France.

time to read

3 mins

March 23, 2026

Business Standard

Business Standard

A look back at WTO Ministerial conferences since 1996

Trade delegations from 166 countries will meet later this week in Yaoundé, Cameroon, for the 14th ministerial conference* of the World Trade Organization (WTO) to hold intense discussions on key issues impacting global trade.

time to read

1 min

March 23, 2026

Business Standard

The story behind promotions in PSBs

The challenge is to transform the promotion process from a source of distrust to a catalyst for developing genuine leaders

time to read

5 mins

March 23, 2026

Business Standard

Fuel crisis shuts aluminium extrusion plants

Aluminium extrusion units across India have begun shutting operations as a fuel supply shock triggered by the West Asia conflict ripples through the sector, leaving factories idle, workers jobless, and output slashed by nearly half.

time to read

2 mins

March 23, 2026

Business Standard

Bank held liable for refusing deposit during demonetisation

Procure Logistics Services, a private limited company based in New Delhi, had a current account with Axis Bank.

time to read

2 mins

March 23, 2026

Listen

Translate

Share

-
+

Change font size