The Act for SME and Startup Development: Startup Regulatory Experiments

SUPPORT MECHANISM:

To encourage entrepreneurs to propose more aggressively innovation, within the range of the field provides certain safety and risk control, the chapter would provide clarification of legality of SME’s research and development activities.

IMPLEMENTING AGENCIES:

SMEA, MOEA

Timeline:

Not yet implemented. (The Act for Development of Small and Medium Enterprises and Startups is currently under review.)

MONITORING + EVALUATION METHODS

For encourage entrepreneurs propose more aggressively innovation, within the range of the field provides certain safety and risk control, the chapter would provide clarification of legality of SME’s research and development activities.

Draft details:

Any SME could propose a rationale and purpose for an experiment plan. It must include a business plan, related new technology and the target regulatory article.
A detail review will be done before allowing for the experiment start. Legal and industry experts and relevant government agencies will jointly review the application. The review will mainly focus on the experiment plan, the impact from business plan and possible application of laws.
The applicant is obligated to regularly report to the governing agencies of the Field.
The governing agencies of the Field will take the reports of experiment as reference for the future policy and regulation reform in Taiwan.

RESULTS:

Not yet implemented. (The Act for Development of Small and Medium Enterprises and Startups is currently under review.)

CURATED BY

Taiwan Institute of Economic Research
Chinese Taipei
Taiwan Institute of Economic Research
Chinese Taipei
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