UAE Regulations Lab and Harvard Business School Club forge transformative partnership to catalyse innovation in UAE health care legislative systems
UAE, October 31, 2023 - The UAE Regulations Lab (RegLab) and Harvard Business School (HBS) Club of the GCC announced the signing of a momentous Memorandum of Understanding (MoU) aimed at catalysing innovation in the healthcare sector through regulatory sandbox development.
This collaboration represents a significant step towards aligning regulations with the rapid pace of technological advancements, fostering knowledge exchange, and driving positive social impact.
"The UAE Regulations Lab is committed to pioneering 'regulation innovation'” stated HE Maryam AlHammadi, Minister of State and Secretariat General of the UAE Cabinet. "Our collaboration with the HBS Club of the GCC reinforces our mission to accelerate the experimentation of emerging technologies in critical sectors like healthcare and developing related regulations"
RegLab, a ground-breaking initiative in regulations development for emerging technologies, has redefined the approach to governance in the United Arab Emirates (UAE) by posing the question, "how might we design government for change?" RegLab has been instrumental in positioning the UAE as a global regulatory sandbox. The Reglab works alongside regulators, the private sector, innovators, and business leaders to co-create regulations that keep pace with the speed of innovation.
The HBS Club of the GCC, a non-profit organization comprising HBS alumni from diverse industry sectors, has been a driving force in promoting professional and personal growth among its members. With over 1500 regional and 400,000 global alumni, the club serves as a unique platform for knowledge sharing and collaboration.
"We are excited to partner with UAE Regulations Lab in our pursuit of fostering innovation in the GCC region," remarked Saleh Lootah, President of HBS Club of the GCC. "This collaboration is a testament to our commitment to contributing to the country's development through the power of knowledge exchange and social impact."
The MoU between RegLab and the HBS Club of the GCC signifies their shared intentions to collaborate on an experimental project. The primary goal of this partnership is to accelerate the adoption and implementation of innovative technologies in the healthcare sector by developing forward-thinking regulations. Additionally, this collaboration aims to facilitate collaboration and knowledge exchange within the healthcare sector and the HBS alumni community.
To kickstart this exciting partnership, a co-creation workshop will be created following the MoU signing to develop use cases together with key stakeholders, including from federal and local government entities, health organizations, technology partners and other relevant entities, to identify opportunities for patients in the UAE within the healthcare sector.
This strategic partnership will drive innovation, knowledge exchange, and positive change in the healthcare sector and beyond.
UAE Regulation Lab signs MoU with Futurise to pave the way for regulatory innovation
UAE 13 June 2023 –The UAE Regulation Lab (RegLab), which is under the General Secretariat of the UAE Cabinet, has joined forces with the Futurise Sdn Bhd (Futurise), a Malaysian company under the purview of the Ministry of Finance, to create an agile and conducive legislative environment that pioneers regulation innovation.
In a bid to form a pact to pave a strong foundation for the fast-tracking of new emerging solutions through regulatory sandboxes and other catalytic initiatives in Malaysia and the UAE, the new partners signed a memorandum of understanding (MoU) that will see the leveraging of each other's technical knowledge and experience at various levels.
The MoU signing ceremony which was held in the UAE, saw the signing of the partnership agreement between H.E. Maryam Alhammadi, Minister of State and Secretary General of the UAE Cabinet and Mr. Rosihan Zain Baharudin, chief executive officer of Futurise.
Her Excellency Maryam Alhammadi, Minister of State and Secretary General of the UAE Cabinet said, “This Memorandum of Understanding will enable us to band together to discuss challenges, innovative approaches and ideas that will amplify our regulatory efforts and achieve global standards and benchmarks in creating a thriving regulatory innovation ecosystem which will truly transform the sector”.
Aside from active discussions around strategies to foster a conducive environment and enable functional and unhindered cultivation of new technologies for entrepreneurs and businesses in the two countries, the agreement also enables the coordination between both parties to explore cross-border collaboration and research and development (R&D) initiatives.
Rosihan Zain Baharudin, chief executive officer of Futurise said that the partnership marks a pivotal step forward in positively impacting our nation’s innovation landscape and achieving our National Investment Policy and the MyDIGITAL aspirations.
“We are thrilled and honoured to be working hand-in-hand with UAE Regulations Lab to put in place all the building blocks essential to galvanise Malaysia’s technological ecosystem. This will help us in refining a lot of our initiatives at Futurise and steer us in the right direction by looking at best practices in other nations. Our combined knowledge bank with UAE Regulations Lab will symbiotically build a strong foundational layer for both nations to tap into and open up endless possibilities for more dynamic innovative solutions to come to fruition.”
The partnership will also activate co-research activities on vital areas of common interest such as the design, development and management of regulatory sandbox programmes and open innovation platforms for numerous industries. This will drive the experimentation of regulatory solutions that can be replicated, localised and scaled for use depending on the needs of the ecosystem.
The MoU signing ceremony was followed up with panel discussions and presentations by industry experts on various mobility topics organised by UAE Regulations Lab. Stretched over three days, the visit to the UAE by the Malaysian delegates also featured meetings and networking sessions with ecosystem bodies within the UAE to provide access and exchange necessary to promote discussions and collaborations that will revolutionise the future of mobility.
UAE Regulations Lab issues licence for Electric Vertical takeoff and landing aircraft
The UAE Regulations Lab at the General Secretariat of the Cabinet has issued a licence for an electric cargo aircraft as part of its efforts to promote sustainable and eco-friendly transportation and enhance the sustainability of the air cargo industry in the UAE. The licence is aimed at reducing carbon emissions by encouraging the adoption of clean energy and leveraging technology and innovation to redefine the logistics sector's future and its impact on the environment and climate.
The UAE Regulations Lab at the General Secretariat of the UAE Cabinet hands over the Minimal Viable License (MVL) to Abu Dhabi Islamic Bank
The UAE Regulations Lab at the General Secretariat of the UAE Cabinet hands over the Minimal Viable License (MVL) to Abu Dhabi Islamic Bank to start experimenting in the use of Fractional Bonds technology.
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