Global partnerships are crucial for several reasons:
Resource Sharing: Collaborative efforts allow sharing of expensive research facilities, advanced equipment, and specialized knowledge which individual entities might not afford independently. Standardization: Establishing common standards and protocols ensures that research findings are universally accepted and implemented, facilitating smoother transition from research to application. Regulatory Frameworks: Harmonization of regulatory policies across countries helps in mitigating risks associated with nanomaterials and ensures safe handling and application. Accelerated Innovation: By pooling global expertise, partnerships can accelerate the pace of innovation, leading to rapid development of new materials, devices, and applications. Market Expansion: Collaborative efforts open up international markets, providing broader commercial opportunities for nanotechnology products and services.