North Carolina Innovation Council elects new leadership and
plans search for Executive Director to manage regulatory sandbox
operations.
CHARLOTTE, N.C., May 13, 2024
/PRNewswire-PRWeb/ -- The North Carolina Innovation Council
has elected Doug Hague of
UNC Charlotte to serve as Chair and
Agnes Gambill West of Appalachian State University to serve as Vice
Chair. The incoming leadership will succeed Chair Katherine Bosken, North Carolina Commissioner of Banks, and Vice
Chair Lawrence Baxter, Duke University David T. Zhang Professor Emeritus
of the Practice of Law.
The North Carolina Innovation Council will also hire an
Executive Director to facilitate the operations of the Council and
manage the regulatory sandbox application process. Applications for
the position will be accepted until May 22,
2024. The job posting can be found here.
The North Carolina Innovation Council and the North Carolina
Regulatory Sandbox were established by SESSION LAW 2021-166 on
October 15, 2021. The purpose of the
regulatory sandbox program is to provide a short-term testing
ground for innovative financial and insurance products or services
that are otherwise encumbered by legal and regulatory frameworks.
The regulatory sandbox program supports new business opportunities
and the development, testing, and experimentation of innovative and
transformational products and services by granting temporary
regulatory relief.
Applications to the sandbox program will be available at
innovation.nc.gov in Fall 2024. Admitted applicants will have
access to the sandbox program for 24 months.
About North Carolina Innovation Council: North Carolina
Innovation Council was established in 2021 to support innovation,
investment, and job creation within North
Carolina by encouraging participation in the financial and
insurance regulatory sandbox. The Council is composed of 11
members, including the Commissioner of Banks, the Commissioner of
Insurance, the Secretary of State, the Attorney General, and seven
public members. The Council is responsible for admissions to the
regulatory sandbox program and may explore or recommend blockchain
initiatives and enter into reciprocity agreements with other
sandboxes and jurisdictions.
Media Contact
Agnes Gambill West, NC Innovation Council, 1 (828) 262-2825,
gambillab@appstate.edu, https://www.innovation.nc.gov/
View original
content:https://www.prweb.com/releases/north-carolina-innovation-council-elects-new-leadership-and-will-hire-executive-director-to-manage-regulatory-sandbox-operations-302143109.html
SOURCE NC Innovation Council