JDAs are crucial in the field of catalysis for several reasons:
1. Resource Sharing: Developing new catalytic processes often requires significant resources, including expertise, equipment, and funding. A JDA allows partners to pool these resources, making the development process more efficient and cost-effective. 2. Risk Mitigation: The development of new catalysts can be risky. By partnering in a JDA, the involved parties can share both the risks and rewards, thereby reducing individual exposure. 3. Accelerated Development: Collaborative efforts can speed up the R&D process by combining complementary skills and knowledge. This can lead to quicker commercialization of new catalytic technologies.
