regulatory frameworks

How Do Regulatory Frameworks Impact Innovation?

While regulatory frameworks are essential for safety and ethics, they can also impact innovation in several ways:
Stringent regulations can slow down the pace of research and development.
Compliance costs can be high, potentially limiting small and medium-sized enterprises (SMEs).
However, clear guidelines can provide a roadmap for safe and effective innovation.

Frequently asked queries:

What are Regulatory Frameworks?
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