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Ministry of Trade and Industry

New Idea Scheme (NIS)

Test novel business ideas in a regulatory sandbox while maintaining public safety standards.

Submit proposal
Last updated 22 October 2025

Introduction

The New Idea Scheme (NIS) aims to help businesses to testbed novel ideas via a regulatory sandbox. By testing the new business model within a controlled environment, new solutions can be introduced into the market without compromising much on public safety.

Do I qualify for NIS?

NIS supports proposals that encounter:

Business concepts facing regulatory hurdles or outside existing sandboxes qualify under New Idea Scheme.

  • Regulatory obstacles: Existing regulatory frameworks do not clearly address your business concepts

  • Gaps in current sandboxes: Your business concepts do not fit into current agencies’ sandbox programmes.

Checklist for NIS application

When applying for NIS, ensure your application includes:

Regulatory sandbox checklist: boundaries, monitoring plan, user safeguards, and exit strategy under New Idea Scheme.

  • Well-defined boundaries/parameters
    E.g., trial duration, target users, or testing location.

  • A clear monitoring & evaluation plan
    To assess concept performance and impact.

  • Safeguards for user protection
    To mitigate risks during testing.

  • An exit strategy or secondary plan
    To conclude or scale up promptly after the sandbox.

Benefits

Benefits of applying for NIS:

NIS benefits: co-develop sandbox framework, connect with regulators, and gain trial feedback.

  • Co-develop a regulatory sandbox framework to tailor conditions for market launch.

  • Connect with relevant regulators to refine and validate your concept.

  • Gain real-time feedback during trials, enabling faster iteration and broader adoption.

Ready to innovate?

Apply to the New Idea Scheme and co-develop your regulatory sandbox.

Submit proposal