Why are Public-Private Partnerships Important in Nanotechnology?
Public-private partnerships are essential in nanotechnology due to the high costs and risks associated with research and development. The public sector provides the foundational research and initial funding, while the private sector brings in additional funding, commercialization expertise, and market access. This synergy can lead to:
Increased funding for research and development Faster commercialization of innovative products Enhanced regulatory compliance and safety standards Better risk management and risk-sharing
