Dubai 10X and 1776 promote regulation hacking
Regulatory Hacking Program joins government and startups to discuss changing regulations for faster growth
Dubai 10X and incubator 1776 have held the first Regulatory Hacking Program, to educate government entities and start-ups on business regulations, and explore ways that regulations can be changed to improve the startup environment.
Thirty-six government entities participated in the workshop, which aimed to explore policy making procedures, and understand how policy development can be used to create a roadmap for policies to complement the new services and projects which will be developed by 10X teams.
The 10X program, launched by the Dubai Future Foundation, aims to have Dubai government organisations embrace disruptive innovation, to enable them to position themselves ten years ahead of all other cities in the world. The Regulatory Hacking Program is intended to show how government can work with the startup ecosystem to ensure that regulations aide in allowing faster processes and quicker time to market.
Abdullah bin Touq, Acting CEO of the Dubai Future Foundation, said: "We look forward to strengthening our partnership with the world's leading companies and most innovative institutions to achieve our goals, which echo the leadership's forward-thinking vision to establish Dubai as a global hub for the future industry.
"To that end, we launch successive future-centric initiatives that put Dubai ahead of other cities in terms of planning for the future, and a global exporter of ambitious, forward-thinking initiatives. The ‘Regulatory hacking program offers support for the Dubai 10X initiative teams, as they create innovative methods for government entities that make them more flexible in adapting to future changes."
Dr Mansoor Al Osaimi, Director of Legislation at the Supreme Legislations Committee in Dubai, added: "The committee's participation with the Regulation Hack workshop organised by Dubai 10X, in partnership with 1776, aims to educate all participants about the policy making procedures in Dubai. In addition, to understand how government entities draw and develop their policies in order to create a road map for developing new policies to complement the new services and projects the 10X teams are working on; hence, fulfilling the government vision of making Dubai the city of the future."
1776 will select leading global startups from its network of 4,000 companies, along with other startups, to work with Dubai 10X teams on regulatory change and programs to ensure a regulatory environment that allows business to flourish.
"Some government regulations can hamper the progress and add to the challenges that many startups face in their quest for innovation," said Evan Burfield, CEO, 1776. "We have joined forces with Dubai Future Foundation in order to realise the vision of HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Dubai Crown Prince, in making Dubai the city of the future and to disrupt the regulatory barriers, by making regulatory hacking the new tool of trade in the digital era.
"The Regulatory Hacking Program will empower the Dubai 10X teams to pitch their recommendations to Dubai and Federal Government director generals and top officials, where the selected proposals will be showcased at the upcoming World Government Summit," added Burfield. "Our focus is to create the space where high-growth startups can utilise their technological expertise to aide government entities in their quest to implement the 10X mandate. Dubai can definitely play a pioneering role in this domain, and 1776 is delighted to be part of this program."