UK FCA Launches Digital Sandbox To Support Startups And Businesses
Starting on August 1, 2023, the UK’s startup’s experimental testing environment, the Digital Sandbox, will become a permanent feature. It comes after two effective trial runs and seeks to increase its reach by inviting additional cutting-edge corporations, start-ups, and data providers. The platform’s objective is to encourage growth and innovation by assisting businesses in the early phases of product development. advertisement What Does This Mean? The Digital Sandbox encourages innovation and progress. More than half of prior Small to Medium Enterprise participants in the pilots and TechSprints saw good outcomes, such as the launch of new products, the acquisition of funds and partnerships, or the receipt of industry awards or recognition. Until now, the platform was only available to people taking part in pilots and TechSprints. The permanent Sandbox is one of numerous tools and programs FCA offer to innovative entrepreneurs to assist...