Karnataka to regulate tech innovation

The Karnataka government is drafting a policy to regulate innovation in technology and address the new age challenges with a sound legal framework. “Our IT department is drafting a policy on innovation in technology to address the new age challenges such as regulatory sandboxes with a sound legal framework,” Additional Chief Secretary E.V. Ramana Reddy said. A regulatory sandbox refers to live testing of new products or services in a controlled/test regulatory environment for which regulators may permit certain

relaxations for testing.

Delivering the keynote address at the two-day summit on innovation of the apex industry body CII, Reddy said India had to work towards becoming an innovation economy to emerge as a global power.

“We are considering novel concepts such as regulatory sandboxes to have a sound legal framework for innovation. Our aim is to make Karnataka a leading promoter of disruptive technologies by strengthening our centres of excellence in cyber-security, data analytics, artificial intelligence and internet of things,” Reddy added. “Bengaluru has been cited as one of the fastest growing technology hubs and startup capitals in the world,” claimed Reddy.