Regulatory Sandbox as an Alternative to Insert the Disruptive Innovations Developed by Startups in Brazil

Authors

DOI:

https://doi.org/10.31686/ijier.vol9.iss9.3395

Keywords:

Disruptive Innovation, Regulatory Sandbox, Startups legal framework

Abstract

Aim: This study presents an analysis to be used in regulatory environment as an option for start-ups to insert their products and/ or services in the market in Brazil. Methods:   This is an applied, exploratory, document a qualitative-quantitative. It was carried-out a systematic review at CAPES journals, Brazilian Digital Library of theses and dissertations (BDTD) and Electronic Scientific Online Library (CIELO) with a time period of 5 years, so as with the exploration of experience programmes of Regulatory Sandbox, particularly in the United Kingdom, besides the brief analysis regarding the legal landmark of Start-ups and Innovative Entrepreneurship MLSEI- Supplementary law Nº 182/2021. The analysis was performed in a way to evaluate the existence of good practices in regulatory environments and its adequation and inclusion in the market of disrupt innovations, looking for legal certainty for the companies, the State and consumer. Results: Findings show that there are meaningful advantages in the insertion of new technologies in regulatory environment in a pre-established time, with users’ limitation and supervision assisted in a way to bring to the market those technologies with greater law certainty. 

Downloads

Download data is not yet available.

Author Biographies

  • Pablo Wanderley Vitório , Federal University of Pernambuco

    MSc Candidate, Center for Social Sciences, Postgraduate Program in Intellectual Property and Technology Transfer for Innovation, PROFNIT – UFPE

  • Rebeca Lydia Pernambuco Lins Pessoa, Federal University of Pernambuco

    MSc Candidate, Center for Social Sciences, Postgraduate Program in Intellectual Property and Technology Transfer for Innovation, PROFNIT – UFPE

  • Danielle S. Simões-Borgiani, Federal University of Pernambuco

    PhD, Center for Social Sciences, Postgraduate Program in Intellectual Property and Technology Transfer for Innovation, PROFNIT – UFPE

References

BRASIL. Lei nº 10.973, de 2 de dezembro de 2004. Diário Oficial da União, Brasília, DF,2 de dezembro de 2004. Disponível em: http://www.planalto.gov.br/ccivil_03/_ato2004-2006/2004/lei/l10.973.htm .Acesso em: 07 maio 2021.

BRASIL. Lei nº 13.243 de 11 de janeiro de 2016, Diário Oficial da União, Brasília, DF 11 de janeiro de 2016. Disponível em: http://www.planalto.gov.br/ccivil_03/_ato2015-2018/2016/lei/l13243.htm. Acesso em 07 maio 2021.

BRASIL. Decreto nº 9.283, de 7 de fevereiro de 2018. Diário Oficial da União, Brasília, DF, 7 de fevereiro de 2018. Disponível em: L13243 (planalto.gov.br) . Acesso em: 18 de julho 2021

BRASIL, Lei Complementar nº 182 de 1º de junho de 2021. Diário Oficial da União, Brasília, DF, 1º de junho de 2021. Disponível em: Lcp 182 (planalto.gov.br). Acesso em 18 de julho de 2021.

BROMBERG, Lev; GODWIN, Andrew; RAMSAY, Ian. Fintech sandboxes: Achieving a balance between regulation and innovation. Journal of Banking and finance Law and Practice, v. 28, n. 4, p. 314–336, 2017.

DELLOITE. A journey through the FCA regulatory sandbox –the benefits, challenges, and next steps. 2018.

Energy Market Authority. Framework for a Regulatory Sandbox for the Energy Sector in Singapore. n. December, p. 1–23, 2019.

ETZKOWITZ, H.; ZHOU, C. Hélice Tríplice: inovação e empreendedorismo universidade-indústria-governo. Estudos Avançados, [S. l.], v. 31, n. 90, p. 23-48, 2017. Disponível em: https://www.revistas.usp.br/eav/article/view/137883. Acesso em: 6 ago. 2021. DOI: https://doi.org/10.1590/s0103-40142017.3190003

FÁYKISS, Péter; PAPP, Dániel; SAJTOS, Péter; et al. Regulatory Tools to Encourage FinTech Innovations: The Innovation Hub and Regulatory Sandbox in International Practice. Hitelintézetiszemle, v. 2017, n. 2, p. 43–67, 2018. DOI: https://doi.org/10.25201/FER.17.2.4367

FINANCIAL CONDUCT AUTHORITY. Regulatory sandbox lessons learned report. n. October, p. 21, 2017. Disponível em: https://www.fca.org.uk/publications/research/regulatory-sandbox-lessons-learned-report>.

FEIGELSON, Bruno; LEITE, Luisa. Sandbox Experimentalismo no Direito Exponencial. São Paulo: Revista dos Tribunais, 2020.

FENG, Yongqin; LIU, Le; LI, Wenzhao. Research on Construction of Regulatory Sandbox for Safety Supervision on Intelligent Connected Products. E3S Web of Conferences, v. 235, 2021. DOI: https://doi.org/10.1051/e3sconf/202123503043

GIMENEZ, Ana Maria Nunes, BONACELLI, Maria Beatriz Machado, BAMBINI Marta Delpino, O novo marco legal de ciência, tecnologia e inovação no Brasil: desafios para a universidade, Desenvolvimento em Debate, v.6, n.2, p.99-119, Rio de Janeiro, 2018. DOI: https://doi.org/10.51861/ded.dmdo.2.011

GOO, Jayoung James; HEO, JooYeun. The impact of the regulatory sandbox on the fintech industry, with a discussion on the relation between regulatory sandboxes and open innovation. Journal of Open Innovation: Technology, Market, and Complexity, v. 6, n. 2, 2020. DOI: https://doi.org/10.3390/joitmc6020043

HUA, Xiuping; HUANG, Yiping. Understanding China’s fintech sector: development, impacts and risks. The European Journal of Finance, v. 27, n. 4–5, p. 321–333, 2021. Disponível em: <https://doi.org/10.1080/1351847X.2020.1811131>. DOI: https://doi.org/10.1080/1351847X.2020.1811131

MAASS, Michael; SALES, Adam; CHUNG, Benjamin; et al. A systematic analysis of the science of sandboxing. PeerJ Computer Science, v. 2016, n. 1, p. 1–36, 2016.

PACHECO, Carlos Américo; BONACELLI, Maria Beatriz Machado; FOSS, Maria Carolina, Políticas de estímulo à demanda por inovação e o Marco Legal de CT&I. In: COUTINHO, D. R.; FOSS, M. C.; MOUALLEM, P. S. B. (Orgs.). Inovação no Brasil: avanços e desafios jurídicos e institucionais. São Paulo: Blucher, 2017. DOI: https://doi.org/10.5151/9788580392821-08

POMPERMIER, Leandro, Marco legal das startups: um passo para a frente e dois para o lado, Zero Hora, Porto Alegre, 21 de junho de 2021, Caderno DOC. Disponível em: http://tecnopuc.pucrs.br/marco-legal-das-startups-um-passo-para-a-frente-e-dois-para-o-lado. Acesso em: 06 de agosto de 2021.

RINGE, Wolf Georg; RUOF, Christopher. Regulating fintech in the EU: The case for a guided sandbox. European Journal of Risk Regulation, v. 11, n. 3, p. 604–629, 2020. DOI: https://doi.org/10.1017/err.2020.8

SANTANA, José Ricardo, TEIXEIRA, André Luiz da Silva,RAPINI, Márcia Siqueira, ESPERIDIÃO, Fernanda, Financiamento público à inovação no Brasil: Contribuição para uma distribuição regional mais adequada, Revista Planejamento e Políticas Públicas (PPP), nº 52, Rio de Janeiro, janeiro/junho 2019. Disponível em: http://repositorio.ipea.gov.br/handle/11058/9766. Acesso em: 06 de agosto de 2021.

Superintendencia de Industria y Comercio. Sandbox sobre privacidad desde el diseño y por defecto en proyectos de inteligencia artificial. Colômbia, 2020.

TROTT, Paul. Innovation Management and New Product Development. Harlow (UK): Pearson, v. 6, 2017.

VAN DER WAAL, Esther C.; DAS, Alexandra M.; VAN DER SCHOOR, Tineke. Participatory experimentation with energy law: Digging in a ‘regulatory sandbox’ for local energy initiatives in the Netherlands. Energies, v. 13, n. 2, p. 1–21, 2020. Disponível em: < https://doi.org/10.3390/en13020458>. DOI: https://doi.org/10.3390/en13020458

ZETZSCHE, Dirk A.; BUCKLEY, Ross P.; ARNER, Douglas W.; et al. Regulating a Revolution: From Regulatory Sandboxes to Smart Regulation.23 Fordham Journal of Corporate and Financial Law 31-103 (2017), European Banking Institute Working Paper Series 2017 - No. 11, University of Luxembourg Law Working Paper No. 006/2017, University of Hong Kong Faculty of Law Research Paper No. 2017/019, UNSW Law Research Paper No. 17-71, Center for Business and Corporate Law (CBC) Working Paper Series 001/2017, Disponível em: <https://ssrn.com/abstract=3018534>ou<http://dx.doi.org/10.2139/ssrn.3018534 >. DOI: https://doi.org/10.2139/ssrn.3018534

Downloads

Published

2021-09-01

How to Cite

Vitório , P. W., Pessoa, R. L. P. L., & S. Simões-Borgiani, D. (2021). Regulatory Sandbox as an Alternative to Insert the Disruptive Innovations Developed by Startups in Brazil. International Journal for Innovation Education and Research, 9(9), 555-562. https://doi.org/10.31686/ijier.vol9.iss9.3395
Received 2021-08-19
Accepted 2021-08-30
Published 2021-09-01