Yes, there are several strategies to mitigate high initial costs: 1. Collaborations: Partnering with universities or research institutions can reduce equipment and R&D expenses. 2. Government Funding: Applying for grants and subsidies can provide financial support. 3. Incubators and Accelerators: Joining a technology incubator can offer access to shared resources and mentorship. 4. Shared Facilities: Utilizing shared labs and equipment can significantly cut costs.
