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The process of establishing an industry standard for TRIZ has been initiated: VDI Guideline 4521 will cover TRIZ. Work is going on on the first part of the standard which will define and explain basic TRIZ vocabulary and notions. A first draft of a list of terms has been compiled by V. Souchkov and is currently being discussed at MATRIZ. The standardization committee consists of TRIZ specialists of various degrees together with TRIZ users from industry. It is working in close connection with MATRIZ. In parallel, translations for the elements of TRIZ terminology into several languages are being sought. According to schedule, work on the first part of the standard may be finished by July 2014 and may go into print by the end of the year.