HOW WILL IT IMPACT

  • Innovators

    Minimize legal uncertainty

    Improve access to investment

    Reduce Time-to-Market cycle

    Speedier abandonment of unsuccessful solutions

  • Regulators

    Retain Control

    Valuable comparison info to existing rules

    Develop rules for new innovations

    Always ahead in legislation and policies

FOCUSED SECTORS

  • Agriculture

  • Biotechnology

  • Building

  • Education

  • Energy

  • Finance

  • Food & Beverage

  • GreenTech

  • Healthcare

  • Hospitality

  • Sports

  • Telecommunications

  • Transportation

  • Tourism

  • Water Management

  • Waste Management

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.

Application & Approval Process

Eligibility and Criteria

  • 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.


Faqs