http://komalkanth512.blogspot.com/2008/07/matlab-alternatives-in-detailed.html
http://en.wikipedia.org/wiki/GNU_Octave

INRIA : The Institut national de recherche en informatique et en automatique
GNU : General Public License
OSI : Open Source Initiative
GNU Octave can generally run scripts written for recent versions of MATLAB; has an active user community. (free software, GNU GPL license).
Scilab is similar to MATLAB and Octave. Distributed with source (under their own license, which is not approved by the Open Source Initiative).
FreeMat, an open-source MATLAB-like environment with a GPL license.
Matlab is a very powerful numerical computing environment which enables the user to perform complex mathematical and scientific function with relative ease. One of the biggest issues with Matlab is the price of it. Students can purchase an un-upgradable version for less than $100 (~£50), however this is only available for students and may only be used during the course of their studies. Commercial licenses are considerably more running into thousand of dollars/pounds depending on how many license-seats are required and what toolbox add-ons are ordered.
1. Octave
2. FreeMat
3. ScilabRelated Links :
FreeMat : see http://freemat.sourceforge.net/