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IWT Funding best practices

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What did we learn – TRL v.s. AMOUNT OF SUPPORT<br />

High TRL usually comes with lower financial support; although vessel owners<br />

are looking for solutions which are usually between TRL 7-9. The ‘no regret<br />

investment’ in a market where technical clarity is difficult to create. The<br />

innovation cycle is still at full pace and will be the upcoming decade.<br />

Low TRL comes with higher financial support – hesitation since the high risk<br />

of not being future proof and additional technical issues because of the low<br />

TRL.<br />

Recommandations:<br />

à The amount of financial support (%) can be differentiated with the TRL of a<br />

technique. Keep/make the support high enough for high TRL techniques to<br />

close the gap and allow the creation of a business case.<br />

Minimum of 50% financial support is proven to work

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