The Relation between Regulatory Sandboxes and Open Innovation

By • on June 25, 2020

The NDPI website posted an article which noted that from the perspective of creative venture companies driving innovation, the role of venture investment in an open innovation ecosystem is an indispensable factor. Cooperative efforts between government and conglomerates are required to foster and sustain market open innovation. In addition, the business-friendly regulatory environment strongly promotes open innovation systems by enabling new business models created through intensive collaboration with the private sector. Therefore, it seems reasonable to assume that the regulatory sandbox will act as a catalyst for creating an open innovation ecosystem by promoting the inflow of investment into the innovation ecosystem.

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