WEF launches regulatory innovation platform

The World Economic Forum has launched the Global Regulatory Innovation Platform (Grip), an international initiative designed to strengthen how governments design and adapt regulation in step with accelerating technological change.

It has been developed in partnership with the UAE’s General Secretariat of the Cabinet.

Preparing for the intelligent age

As breakthroughs in artificial intelligence, biotechnology and digital finance shape the intelligent age, regulatory innovation will become increasingly critical to building effective, adaptive and future-ready regulatory ecosystems.

The new Forum-led platform will tackle these challenges by providing a global space for cross-sector leaders to advance agile, human-centred, future-ready models that can keep pace with disruptions of today and tomorrow.

“Sustainable economies thrive only within forward-looking and agile regulatory ecosystems”

"Innovation moves fast – regulation must too,” said Børge Brende, president, World Economic Forum. “Grip enables governments to co-create policy frameworks that are agile, anticipatory and ready for the technologies shaping our future.”

Over the next two years, Grip will produce three key tools:

• A Global Regulatory Playbook – to provide policy frameworks, case studies and actionable guidance for designing innovation-friendly regulation
• A Regulatory Future Readiness Index – to benchmark how prepared governments are to regulate emerging technologies in a fast-changing global context
• A Global Regulatory Innovation Hub – to facilitate collaboration between innovators and regulators to test and scale practical solutions to shared challenges.

“Sustainable economies thrive only within forward-looking and agile regulatory ecosystems. The quality of life of our communities in the future exponentially depends on the work conducted by regulators,” said Her Excellency Maryam Al Hammadi, Minister of State and Secretary General of the UAE Cabinet.