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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.

FLERE HISTORIER FRA Business Standard

Business Standard

PMO has nudged CIL to invest in critical mineral assets in Australia, says CMD

Coal India Ltd (CIL) is intensifying its diversification beyond coal, and is pushing ahead with plans to invest in overseas critical mineral assets, outgoing Chairman and Managing Director (CMD) PM Prasad said.

time to read

1 min

November 01, 2025

Business Standard

Swan eyes ₹875 cr in govt support for Pipavav Shipyard expansion

Swan Defence and Heavy Industries (SDHI), which owns India’s largest shipyard in Pipavav, Gujarat, is eyeing around ₹875 crore in government assistance for the yard’s expansion, according to a top executive.

time to read

1 mins

November 01, 2025

Business Standard

Mkts log best month since March

Nifty gained 4.5% in October, settling just 2.1% below its all-time high seen in September last year

time to read

1 mins

November 01, 2025

Business Standard

Ingka Investment launches its first RE project in India

Ingka Investment launches its first renewable energy project in the country — a 210 megawatt peak solar installation in Bikaner, Rajasthan.

time to read

1 min

November 01, 2025

Business Standard

Business Standard

RBI rejects seven-year bond bids as yields test 6.6%

The Reserve Bank of India (RBI) cancelled the auction for the seven-year government bond on Friday after market participants demanded a yield of around 6.6 per cent — a level the central bank was unwilling to accept, dealers said.

time to read

2 mins

November 01, 2025

Business Standard

Business Standard

‘I’d call India a rather boring mkt this year’

With Indian markets yet to hit new highs in 2025, Mark Matthews, managing director and head of research for Asia at Julius Baer, tells Puneet Wadhwa in a fireside chat that India remains the only essential emerging market (EM) for global portfolios. He believes India’s two big strengths are its demographics and jugaad — the “can-do” spirit. Edited excerpts:

time to read

3 mins

November 01, 2025

Business Standard

Vedanta net profit plunges 59% on exceptional losses

CORPORATE SCORECARD

time to read

2 mins

November 01, 2025

Business Standard

Orkla India booked 48.73x on final day

The initial public offering (IPO) of Orkla India got subscribed 48.73 times on the final day of bidding on Friday.

time to read

1 min

November 01, 2025

Business Standard

‘Digital drive, retail surge to power MFs’ next leg of growth’

Even after growing ata blistering pace over the past decade, India’s mutual fund (MF) industry believes it still hasa long runaway for long-term expansion.

time to read

4 mins

November 01, 2025

Business Standard

CBIC notifies rules for voluntary correction of Customs entries

The Central Board of Indirect Taxes and Customs (CBIC) has notified new rules allowing importers and exporters to voluntarily correct entries in bills of entry or shipping bills after goods are cleared.

time to read

1 min

November 01, 2025

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