September 24, 2020

The University of Strathclyde has endorsed a methodology developed by NSRI (National Subsea Research Institute) to accelerate the commercialisation of technology in support of the green recovery.

NSRI, which works with underwater technology companies and academia to collaborate on bringing forward new technology, has developed a way of measuring the commercial viability of a technical innovation to help fast-track its route to market. The tool, called CHASMAI, provides a clear indication of the potential commercial viability of early stage technology in the subsea industry that enables both innovators and investors.

By measuring the viability of a technical concept through analysis of various factors including market conditions and funding requirements, CHASMAI take a systematic approach and helps identify exactly where pioneering companies should be focusing their efforts. NSRI believes it will be attractive to investors, helping to speed up the investment process which will accelerate the introduction of new technical concepts. Read more…