Minimize legal uncertainty
Improve access to investment
Reduce Time-to-Market cycle
Speedier abandonment of unsuccessful solutions
Valuable comparison info to existing rules
Develop rules for new innovations
Always ahead in legislation and policies
The Regulatory Sandbox initiative will create a controlled environment for the innovators to test and pilot their solutions under the supervision of a monitoring committee, that will help the Government better understand the vitality of innovation.
Innovative or ‘disrupts’/non addressable by existing regulations.
Solves a problem, delivers benefits or impacts a customer, community or industry.
Genuine need to test in a safe environment, with clear defined parameters, risk management and identified regulations.
Driven by a capable applicant, with supporting evidence.
Modelled and targeted to deploy and scale.
9 months maximum duration.