What role does government funding play in nanotechnology costs?
Government funding plays a crucial role in offsetting the high initial costs of nanotechnology research and development. Many governments recognize the strategic importance of nanotechnology and provide grants, tax incentives, and subsidies to support R&D efforts. Such funding can help academic institutions and private firms undertake ambitious projects that might otherwise be financially unfeasible. Programs like the National Nanotechnology Initiative (NNI) in the United States exemplify how government support can drive innovation and reduce financial barriers.
