While joint projects offer many advantages, they also face certain challenges:
1. Coordination and Management: Managing multiple stakeholders with different objectives and timelines can be complex. 2. Intellectual Property: Determining the ownership and rights to innovations developed during the project can lead to conflicts. 3. Funding: Securing and maintaining adequate funding throughout the project lifecycle can be challenging. 4. Regulatory Hurdles: Navigating different regulatory environments, especially in international collaborations, can be difficult.
