The World Economic Forum, in partnership with the UAE, 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.
WEF said in a statement that the initiative is designed to strengthen how governments design and adapt regulation in step with accelerating technological change.
Developed in partnership with the UAE’s General Secretariat of the Cabinet, Global Regulatory Innovation Platform comes at a critical moment for regulatory systems. 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.
According to the press release, 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.
Børge Brende, President of the World Economic Forum, said that, “Innovation moves fast, regulation must too. Global Regulatory Innovation Platform enables governments to co-create policy frameworks that are agile, anticipatory, and ready for the technologies shaping our future.”
“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. The Global Regulatory Innovation Platform will strive to empower legislators globally, providing them with cutting-edge regulatory tools and data to keep pace with a world of relentless technological breakthroughs,” noted Her Excellency Maryam Al Hammadi, Minister of State and Secretary General of the UAE Cabinet.
