<ul><li>Innovation investing often favors soft products that can quickly enter the market over hard science projects that need to be more mature to gain trust.</li><li>There is a paradox where technologies with softer products can attract investments earlier than those with harder science backing.</li><li>Technology Readiness Level (TRL) measures the maturity of an idea or product on a scale from 1 to 9, with higher levels indicating more advanced and proven technologies.</li><li>Different industries have different TRL requirements, with biotech demanding higher readiness levels compared to fields like AI where projects can get initial funding at lower TRLs.</li></ul>

TRL-5 and Other Dangerous Places

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