How easily can new approaches be attempted, tested, abandoned, and improved?
Uses 6 observed indicators. +1.3 over 10 years using 3 indicators.
Highest usable scores: South Korea 72.6, Switzerland 68.6, United States 50.6.
Related deliveries in other countries: The FCA regulatory sandbox (United Kingdom); Yozma, the venture capital catalyst (Israel); Korean regulatory-sandbox system across eight sectors (South Korea); MAS FinTech Regulatory Sandbox variants (Singapore); British Patient Capital, a public venture-capital catalyst (United Kingdom); ICURe, from university research to spinouts (United Kingdom); Portugal Ventures, a public venture-capital bridge (Portugal); Rede Nacional de Test Beds for company experimentation (Portugal); Zonas Livres Tecnolรณgicas, regulator-supervised experimentation zones (Portugal); Banco Central regulatory sandbox, first cycle (Brazil); Reserve Bank of India regulatory sandbox (India); Capital Markets Authority regulatory sandbox (Kenya); SEC Nigeria Regulatory Incubation Program (Nigeria); ADGM RegLab, the first fintech sandbox in the region (United Arab Emirates); OJK regulatory sandbox for financial-sector technological innovation (Indonesia); Bank Negara Malaysia Fintech Regulatory Sandbox (Malaysia); Bank of Thailand regulatory sandbox (Thailand); Sandbox financiero (Ley 7/2020), and the fall in applications (Spain); IFWG Regulatory Sandbox (South Africa); Project-based regulatory sandbox (new technology demonstration scheme) (Japan); CFPB Compliance Assistance Sandbox, rescinded in 2022 and withdrawn again in 2025 (United States); CSA Regulatory Sandbox, succeeded by the Financial Innovation Hub (Canada); ASIC enhanced regulatory sandbox (Australia); SINTEG-Verordnung, the energy-transition experimentation clause (Germany); Experimenten Elektriciteitswet 2015-2018, and its erosion (Netherlands); Bac ร sable rรฉglementaire in the energy sector (France); Italy's FinTech regulatory sandbox, and its contraction (Italy); Bank of Ghana Regulatory Sandbox (Ghana); AFSA FinTech Lab at the Astana International Financial Centre (Kazakhstan); Banque Centrale de Tunisie regulatory sandbox, first cohort (Tunisia); Sandbox Regulatรณrio do Banco de Moรงambique (Mozambique); Regulatory Sandbox Licence of the Economic Development Board (Mauritius); Bank of Uganda regulatory sandbox (Uganda); Regulatory Sandbox Framework for Capital Markets, first cohort (Zambia); Securities and Exchange Commission of Zimbabwe regulatory sandbox (Zimbabwe); FMA Regulatory Sandbox (Austria); Regulatorisk sandkasse for AI (Datatilsynet and Digitaliseringsstyrelsen) (Denmark); Datatilsynet's regulatory sandbox for privacy-friendly innovation (Norway); Bank of Lithuania regulatory sandbox, with one test in seven years (Lithuania); Narodna banka Slovenska regulatory sandbox (Slovakia); Sandbox for AI and blockchain products, Ministry of Digital Transformation and Ukrainian Startup Fund (Ukraine); Bank of Russia regulatory sandbox (regulativnaya pesochnitsa) (Russia); JoRegBox, the Central Bank of Jordan regulatory sandbox (Jordan); Special regulatory regimes (spetsialnye regulyativnye rezhimy) of the National Bank of the Kyrgyz Republic (Kyrgyzstan); SECP Regulatory Sandbox, four cohorts and an open window (Pakistan); Bank of Jamaica FinTech Regulatory Sandbox (Jamaica); Financial Regulatory Commission sandbox regulatory environment (Mongolia); NAMFISA Regulatory Sandbox, microlending cohort (Namibia); Central Bank of Azerbaijan regulatory sandbox (Azerbaijan).
Missing indicators: Venture deals, Firms through regulatory sandboxes, University spinouts.
Rejected datasets: Business share of R&D.