Common Challenges
Lack of opportunities for experimentation can stifle innovation. Regulatory restrictions, high costs, and ethical concerns limit trial feasibility. Startups struggle to secure funding and resources to conduct trials, hindering their ability to validate concepts and gather evidence.
Innovative Solutions
Promote partnerships between startups and research institutions for resource sharing. Utilize virtual trials and simulation models to reduce costs and facilitate experimentation. Explore alternative funding mechanisms, such as crowdfunding and seed funding, to support early-stage trials. Advocate for regulatory reforms that prioritize innovation while ensuring safety.
