WE’RE A NATION OF INCREDIBLE RESEARCHERS AND INNOVATORS READY TO SOLVE COMPLEX CHALLENGES…
AND HARNESS THE CHANGING REGULATORY ENVIRONMENT TO ACCELERATE SOLUTIONS TO GLOBAL MISSIONS
THE SOLUTION
A new Northern Ireland-based regulatory ecosystem that enables rapid development of systems, products and services from conception to global certification.
G-SIRT –
GLOBAL CENTRE
FOR SECURE AND
INTELLIGENT REGULATORY
TECHNOLOGIES
The final piece in the puzzle
- Secure RegTech hub located in Northern Ireland supporting national need
- A global centre of excellence
- Combining businesses, researchers, policy makers and regulators to develop cutting-edge regulatory technology
- Starts with FinTech but extends to MedTech, advanced manufacturing, net zero and beyond
- Places UK at the forefront of global regulatory technology development, providing significant export opportunities.
NI ECOSYSTEM
NI’s innovation landscape
Manufacturing
Screen and media
Healthcare
Fintech / Cyber
Digital twin (planned)
- Digital Catapult planning national Design Smarter centre in Belfast
- Provides virtual counterpart to physical objects
- Digital simulation will greatly streamline prototyping process
- UK’s first dedicated digital twinning and cyber physical infrastructure centre
THE OPPORTUNITY
LEVERAGING EXISTING EXPERTISE
FINTECH SECTOR
- Belfast #1 globally for financial tech inward investment and Top 5 for cyber security
- Secure regulatory and compliance solutions driven by tech and data non-existent elsewhere
- G-SIRT key to driving new competitiveness
- Harnessing the existing expertise of the Centre for Secure Information Technologies (CSIT)
- By digitising validation and regulation processes, G-SIRT accelerates journey to global certification
- Faster entry to market for products and services
- Improved compliance with regulation at reduced cost
“Northern Ireland is the natural home for a RegTech Centre of Excellence”
SET THE AEROSPACE SECTOR SOARING
NI AEROSPACE SECTOR
- Currently producing 1/3 of world’s aircraft seats
- Testing locally, enhanced design, and quicker entry to market required
- Advanced manufacturing excellence, digital twin and new industry-funded testing capability can facilitate that
- Combine with G-SIRT to accelerate global certification with EASA or CAA
“For many years, we have had to send our products and our engineers to various locations across the EU and the US”
GROWING THE GREENTECH INDUSTRY
GREENTECH SECTOR
- Zero-emission ferries and hydrogen-fuelled buses among the incredible green technology being delivered in Northern Ireland
- Solutions will revolutionise transport and help the UK and world meet net zero targets
- R&D and prototyping process fast-tracked by harnessing digital twin capability
- Digital twin process not accepted by regulators – G-SIRT required to provide validation
“GreenTech needs faster solutions, but it also needs faster regulatory bodies”
TRANSFORMING LEGAL LANDSCAPE
LEGALTECH SECTOR
- NI’s Legal Innovation Centre was first of its kind in the UK
- Collaborates with global law firms to research use of AI, Data Analytics and Computational Technologies and develop new automation products and services
- Legal processes can be automated and made more efficient
- G-SIRT required to obtain the global certification required to go to market
- Place UK in pole position with Legal Technology budgets to treble by 2025