Difference between revisions of "Regulatory Experimentation Expense Fund draft"
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Expressions of Interest for the Regulatory Experimentation Expense Fund will be accepted until October 16, 2024.
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== Project Eligibility == | == Project Eligibility == | ||
The Regulatory Experimentation Expense Fund (REEF) supports federal regulators in innovating or facilitating innovation in the marketplace by experimenting with: | The Regulatory Experimentation Expense Fund (REEF) supports federal regulators in innovating or facilitating innovation in the marketplace by experimenting with: | ||
| − | + | * Innovative approaches to any stage of the regulatory lifecycle | |
| − | + | * Market innovations (e.g., new products, business models, and services) | |
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'''All stages of regulatory experimentation are supported, including:''' | '''All stages of regulatory experimentation are supported, including:''' | ||
* Determining if an experiment is the right approach | * Determining if an experiment is the right approach | ||
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'''New this year:''' Expressions of interest are now accepted for [https://impact.canada.ca/en/challenges Impact Canada] challenge prize, for challenges intended to inform regulatory development. | '''New this year:''' Expressions of interest are now accepted for [https://impact.canada.ca/en/challenges Impact Canada] challenge prize, for challenges intended to inform regulatory development. | ||
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'''The REEF is open to all Government of Canada regulators.''' Priority given to collaborative experiments with regulated entities or businesses. | '''The REEF is open to all Government of Canada regulators.''' Priority given to collaborative experiments with regulated entities or businesses. | ||
Revision as of 14:59, 4 September 2024
| Home | Events | Regulatory Sandboxes | What is Regulatory Experimentation? | Regulatory Experimentation Expense Fund | Regulators' Capacity Fund | CRI Supported Projects | Tools and Resources |
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The REEF is open to all Government of Canada regulators. Priority given to collaborative experiments with regulated entities or businesses.
What can the REEF offer?
Regulators can receive:
Financial Support
- Up to $1,400,000 per fiscal year
- Multi-year funding available
- Funds transferred as operational funds (O&M) on a cost recovery basis
Note: Funds cannot be used to award a financial prize for an Impact Canada challenge prize. Prize awards require grants and contribution from the applicant.
Technical Support
- Expert advice and guidance to help navigate your specific regulatory context
The REEF Process
| Step | Description |
|---|---|
1. Informal Consultation |
Before submitting an EOI, consult with the CRI to confirm project eligibility. Email: cri-cir@tbs-sct.gc.ca Note: For challenge prize projects, mention this in your email. |
2. Expression of Interest |
|
3. Proposal Submission |
|
4. Proposal Assessment |
Interdepartmental Steering Committee assesses proposals and makes final funding decisions |
5. Funding Decision |
|
Project Updates and Communication
- Wiki updated with project name and brief description upon approval
- Project one-pager created upon completion
- Occasional presentations to raise awareness (project leads contacted for content verification)
Application Documents
| Document | Description |
|---|---|
| REEF Guide | Comprehensive guide to the REEF process |
| Regulators' Experimentation Toolkit | Toolkit for regulatory experiments and sandboxes |
| Expression of Interest (EOI) Template | Template for submitting your initial interest |
| Proposal Template | Template for full project proposal |
REEF Ongoing Projects
| Department/Agency | Project Title | Project Description |
|---|---|---|
| Transport Canada (TC) | Light Sport Aircraft | Sandbox experiment to assess reliability and training quality of Light Sport Aircraft |
| Health Canada (HC) | Advanced Therapeutic Products Framework for CAR-T Products | Testing co-creation process for regulatory sandbox requirements |
| Transport Canada (TC) | ||
| Transport Canada (TC) | ||
| View list of completed projects and experimentation reports | ||
