Despite the promising potential, several challenges deter private sector investment:
- High Research and Development Costs: The initial investment in R&D for nanotechnology is substantial. - Regulatory Uncertainty: Varying regulations across countries can complicate the commercialization of nanotechnology products. - Scalability Issues: Transitioning from laboratory research to market-ready products can be complex and costly. - Public Perception: Concerns about the safety and ethical implications of nanotechnology can impact market acceptance.
