Affiliation:
1. Lovely Professional University, Phagwara, India
2. Noida Institute of Engineering and Technology, Greater Noida, India
Abstract
The study focused on the commercialization of basic sciences that offer immense potential to transform research into practical solutions. However, the qualitative approach will be used to navigate the complex regulatory landscapes, which poses significant challenges in the process. The review from previous research can act as a highlighting aspect to look into interdisciplinary collaboration in ensuring regulatory adherence throughout the commercialization process. The methodology for the study has been comprised of a qualitative approach that includes extraction of the database from various sources, news, company reports, and qualitative analysis of interviews to get a complete scenario of the topic. From the analysis, it has been observed that there are pervasive regulatory bodies among various industries and compliance to use proactive strategies. The implication of the study states that before implementing a regulatory body it is necessary to adopt an interdisciplinary approach to have a better understanding of future challenges and opportunities in various associated sectors.