Direct answer
Technology Manufacturing Readiness Review
A working prototype does not prove that a product can be made repeatedly, safely and economically.
Why this matters
Technology owners, investors and industrial partners assessing scale-up. need a decision framework that connects the technology or mandate to rights, evidence, capital, capability and execution. The purpose is not to create promotional volume. It is to expose the assumptions that determine whether a serious transaction or implementation programme is viable.
Test process capability, supply, quality, yield and service under realistic volume. IIL treats that question as a stage-gated commercial decision. The conclusion should identify what is known, what remains uncertain, who owns the next action and which evidence would justify progression, redesign or pause.
Five workstreams to integrate
- Bill of materials. Define the present position, evidence source, accountable owner, decision threshold and dependency on other workstreams.
- Critical process parameters. Define the present position, evidence source, accountable owner, decision threshold and dependency on other workstreams.
- Supplier and tooling readiness. Define the present position, evidence source, accountable owner, decision threshold and dependency on other workstreams.
- Yield and quality control. Define the present position, evidence source, accountable owner, decision threshold and dependency on other workstreams.
- Capacity and unit cost. Define the present position, evidence source, accountable owner, decision threshold and dependency on other workstreams.
Diligence material expected
- Process flow. The record should be current, attributable and explicit about limitations, assumptions and superseded versions.
- Supplier evidence. The record should be current, attributable and explicit about limitations, assumptions and superseded versions.
- Pilot batch data. The record should be current, attributable and explicit about limitations, assumptions and superseded versions.
- Quality plan. The record should be current, attributable and explicit about limitations, assumptions and superseded versions.
- Scale and capex model. The record should be current, attributable and explicit about limitations, assumptions and superseded versions.
A practical engagement sequence
- Confirm the legal entities, authority, mandate and non-confidential scope.
- Define the commercial objective, territory, rights perimeter and intended outcome.
- Map evidence, gaps, risks, economics and specialist-adviser requirements.
- Agree confidentiality, diligence access, governance and decision timetable.
- Move to a project-specific term sheet or implementation plan only when the principal dependencies are visible.
What a credible outcome looks like
A credible outcome is not simply an agreement to continue talking. It is a documented decision with a defined structure, responsible parties, evidence requirements, capital or capability commitments, acceptance criteria and a route for resolving variance. Where the evidence is not yet sufficient, the correct output may be a focused validation plan rather than a transaction.