What Are the Challenges in Budgeting for Nanotechnology?
Budgeting for nanotechnology comes with its own set of challenges: - High Initial Investment: The initial setup costs for a nanotechnology lab can be exorbitant. - Uncertainty in R&D: The unpredictable nature of research outcomes can lead to budget overruns. - Regulatory Hurdles: Adhering to regulatory standards can incur additional costs. - Market Acceptance: Uncertainty about market acceptance can make it difficult to allocate funds for commercialization.
