From Policy to Practice Actionable Recommendations for a Commercial Bioeconomy 2025
Page 13 of 39 · WEF_From_Policy_to_Practice_Actionable_Recommendations_for_a_Commercial_Bioeconomy_2025.pdf
Recommendation 4
Greater exposure to and engagement
with regulation-making
What if every step of the regulation-making process was more
transparent, providing innovators, scientists and the public with
greater exposure to policies that drive progress?
Regulation affects everyone, yet pathways for
businesses, consumers and civil society to gain
exposure are often unclear. This opacity can
undermine trust in both regulations and the
processes behind them. To promote transparency across innovation and regulatory systems,
stakeholders need clearer access to information
and the rationale behind decisions, promoting
trust and enabling more effective navigation
of frameworks (Box 3).
The Israel Innovation Authority’s Disruptive Innovation
Program offers early-stage companies ongoing
regulatory support. By facilitating continuous
communication with regulators, the programme
enables more transparent and predictable decision-
making. Close collaboration during R&D helps start-ups understand necessary standards and
their rationale, reducing delays and minimizing
misinterpretation. This proactive approach enhances
transparency, mitigates uncertainty, and ensures
innovation aligns with public health and safety
objectives from the outset.
Building trust through public consultation BOX 3
Description Improving exposure to the regulatory process will enhance transparency
for innovators and public stakeholders, build trust, and demystify the pursuit
of regulatory approval.
Example The Israel Innovation Authority’s Disruptive Innovation Program provides awardees
with direct and ongoing support from the Israeli Ministry of Health to navigate and
facilitate regulatory processes.25Recommendation 4
Public consultations represent another key
mechanism for enhancing regulatory transparency.
Inviting feedback before finalizing regulation offers
several advantages: it makes the process more
inclusive while strengthening the quality and
effectiveness of regulations. Moreover, engaging
stakeholders establishes a sense of ownership and
acceptance among those most affected, thereby boosting public confidence in both the regulation and
the government itself. Public consultations provide
stakeholders with an opportunity to understand and
respond to the reasoning behind proposed rules.
In Saudi Arabia, public consultation is increasingly
being used across a range of sectors to inform
policies and regulations – an important step towards
more transparent and participatory governance.
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From Policy to Practice: Actionable Recommendations for a Commercial Bioeconomy
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