My first Magazine Annual report 2015 | Page 34

32 SCIENCE FOUNDATION IRELAND ANNUAL REPORT 2015 Oriented basic research remains at the core of Science Foundation Ireland’s remit. However, as Science Foundation Ireland is increasingly funding more applied research and research that involves industry collaboration and partnership, it is beneficial to categorise awards so that we can assess the maturity of a proposed research programme and potential resultant ‘technology,’ and how far down the path towards applied use the programme of research intends to bring this technology. To assess the maturity of awards within its funding portfolio, SFI has adopted the same Technology Readiness Level (TRL) evaluation scale as utilised by the Horizon 2020 Programme (outlined below), which is an adaptation of the TRL scale developed by NASA in the 1970s. As it stands, the majority of Science Foundation Ireland’s portfolio of investment currently lies in TRL 1 and 2. With time and given Science Foundation Ireland’s expanded remit, it would be expected to see investments moving to span the TRL levels from 1 up to level 6 or 7. SFI’s mid-high TRL investments will grow in the future, however, given the Innovation 2020 strategy and national plans to increase public investment in STEM research, a substantial proportion of SFI’s investment will continue to be in the lower TRLs. Technology Readiness Levels (TRL) TRL 1 Basic principles observed TRL 2 Technology concept formulated TRL 3 Experimental proof of concept TRL 4 Technology validated in lab TRL 5 Technology validated in relevant environment (industrially relevant environment in the case of key enabling technologies) TRL 6 Technology demonstrated in relevant environment (industrially relevant environment in the case of key enabling technologies) TRL 7 System prototype demonstration in operational environment TRL 8 System complete and qualified TRL 9 Actual system proven in operational environment (competitive manufacturing in the case of key enabling technologies; or in space) Science Foundation Ireland’s Budget Breakdown by TRL 36.78% TRL 1 44.42% TRL 2 8.41% TRL 3 3.51% TRL 4 TRL 5 1.67% 4.29% TRL 6 TRL 7 N/A €0 0.02% 0.89% €50,000,000 €100,000,000 €150,000,000 €200,000,000 €250,000,000 €300,000,000 €350,000,000 €400,000,000 Total Combined Budget