Regulatory sandboxes enable startups to carry out their vision with less government oversight. A limited government think tank in Tallahassee is out with a report that examines how Florida lawmakers can expand ‘regulatory sandboxes’ to boost business innovation in the state. Think of a regulatory sandbox the same way you think of a real sandbox where kids make friends and learn life lessons. “It's a defined environment where you can experiment and play, if you will. But Mom and Dad, the regulators are watching not far away,” says Andrea O'Sullivan, director of the Center for Technology and Innovation at the James Madison Institute (JMI).