In December 2018, TIV was invited to present on “Regulatory Elements to Promote Innovation”, at an international event held by the Inter-American Development Bank (IDB): “Will Disruptive Innovation Drive Growth for All? Public Policy Recommendations to Get It Right”
At a convention bringing together some of the world’s brightest minds in the regulatory policy and innovation space, TIV was invited to present on the opportunities and challenges for technological transformation in the context of regulatory frameworks. In the presentation, TIV’s Vice President of Intellectual Property (IP) and Emerging Technologies, Dr. Stankovic, illuminated the complex nature of regulation in the age of Industry 4.0, and offered insight on potential solutions to this protean problem. The seminar explored the challenges to traditional regulation, with a focus on business challenges (e.g. the pacing problem; technological disruption) and technological challenges (e.g. the “black-box” problem of AI; establishing ownership of data). In response, Dr. Stankovic offered a novel outlook on how to handle these obstacles. Namely, that there are five key principles which can guide the future of regulation: 1. Adaptive regulation 2. Regulatory Sandboxes 3. Outcome-based regulation 4. Risk-weighted regulation and 5. Collaborative regulation.
The overarching objectives of the workshop were to:
Identify the links between disruptive innovation, exponential technologies and socio-economic outcomes in the region.
Analyze key regulatory issues to promote development via disruptive innovation
Identify policies focused on harnessing the power of new technologies to close social gaps.
Discuss cases of disruptive innovation at work in the region