Imperial Venture Mentoring: KTH Innovation Readiness Level Self Assessment Form

Dear Founders,

As you undertake your entrepreneurial journey it is vital that you are able to quickly and accurately describe the exact stage of development, or readiness, of your idea or venture.

At Imperial Enterprise Lab, we use the KTH Innovation Readiness framework to help teams achieve this. The KTH scoring methodology looks at six key areas of innovation readiness – Customer, Team, Business, IPR, Funding, and Technology – and provides a detailed scale, with clear definitions of criteria, milestones, and activities for each level.

Using this approach will not only help you to gain a clear sighted view of where you are right now it will also help you focus on what you need to focus on next to effectively level-up your commercial development. It will also enable the Enterprise Lab team/your IVMS Mentors to tailor the support we provide based on a more exact view of your current stage of development.

Start here 👇

Review the KTH scales presented in this survey and take some time to reflect on where you and your venture currently sit. There are six Innovation Readiness Level parameters (Customer, Team, Business, IPR, Funding and Technology) and we have put all the information you need to answer on each page - meaning you won't need to flip back and forth.

Please record your answers over the next few pages selecting the relevant levels for your venture, and providing your evidence in the text boxes

If you have any problems or questions, please email ivms@imperial.ac.uk.

About You - The Venture / Idea Lead

First Name

Last Name

Email Address

About your Business/Idea

Venture Name

About your business/idea. Please provide a brief summary of your venture (max. 50 words).

Venture Website This website URL is registered for this venture

Who is filling this form in?

The Venture - all by ourselves, we don't have mentorship yetThe Venture with our IVM mentors

Customer Readiness Level (CRL)

Customer readiness is the level to which have validated how much interest there is from your customers for your product.

Read through the levels below to identify where your venture currently sits. Once you’ve done this select your level in the dropdown and give us a bit more detail about what you’ve done on this in the text box.

My Customer Readiness Level (CRL) is

Evidence for Customer Readiness Level (CRL). Make a bullet point list and try to include metrics where relevant eg: 15 customer interviews

Technology Readiness Level (TRL)

Technology Readiness relates to how far you have tested and validated the underlying technology of your solution.

Read through the levels below to identify where your venture currently sits (apologies in advance, but it's a dense table!). Once you’ve done this select your level in the dropdown and give us a bit more detail about what you’ve done on this in the text box.

Technology Readiness Level Score (TRL) is

Evidence for Technology Readiness Level Score (TRL). Make a bullet point list and try to include metrics where relevant eg: MVP built

Team Readiness Level (TMRL)

Team Readiness is how far along you are with securing the right team with complementary skillsets, knowledge and shared values.

Read through the levels below to identify where your venture currently sits (sorry but it's another dense table!). Once you’ve done this select your level in the dropdown and give us a bit more detail about what you’ve done on this in the text box.

My Team Readiness Level Score (TMRL) is

Evidence for my Team Readiness Level Score (TMRL). Make a bullet point list and try to include metrics where relevant eg: Recruited advisory board

Business Readiness Level (BRL)

Business Readiness is how far along you are with establishing that your concept is financially viable and sustainable.

Read through the levels below to identify where your venture currently sits. Once you’ve done this select your level in the dropdown and give us a bit more detail about what you’ve done on this in the text box.

My Busines Readiness Level (BRL) is

Evidence for Business Readiness Level Score (BRL). Make a bullet point list and try to include metrics where relevant eg: First business model completed

Intellectual Property Readiness Level (IPL)

Intellectual Property how far along with clarifying the legal and IP situation and securing relevant IP protection.

Read through the levels below to identify where your venture currently sits. Once you’ve done this select your level in the dropdown and give us a bit more detail about what you’ve done on this in the text box.

My IPR Readiness Level Score (IPRL) is

Evidence for IPR Readiness Level Score (IPRL). Make a bullet point list and try to include metrics where relevant eg: Mapped out IP that could/should be protected

Funding Readiness Level (FRL)

Funding Readiness is how far along you are with securing the necessary funding to bring your idea to market.

Read through the levels below to identify where your venture currently sits. Once you’ve done this select your level in the dropdown and give us a bit more detail about what you’ve done on this in the text box.

My Funding Readiness Level (FRL) is

Evidence for Funding Readiness Level (FRL) Make a bullet point list and try to include metrics where relevant eg: Secured pre-seed funding