Within the MENA territory, this will be Accenture’s initial VC Partnership.
The tech major and leading Consultancy firm Accenture, has jointly alliance with the UAE-based Venture Capital Firm Global Ventures, and is backed out by Mubadala Investment firm, to power out innovation within the territory, both the entities stated in a joint statement.
On Wednesday, the entities stated in a joint statement that the firms will alliance on evolving thought leadership, attractive research capabilities as well as uncover innovative insights as trends within the industries power up new progression prospects.
This is Accenture’s initial VC firm in the Middle East and North Africa territory.
The native managing director for Accenture in the Middle East, Alexis Lecanuet that: “The Dublin-based establishment also objectives to work with Global Ventures’ portfolio of “growth-stage start-ups and discover potential partnership.”
Mr Lecanuet stated that: “This synergy will enable Accenture to further drive innovation in the region’s venture capital space through supporting entrepreneurs with the company’s in-depth insights and research.”
The Founder and general partner of Global Ventures, Noor Sweid, stated: “By combining our regional venture capital expertise and thought leadership with Accenture’s pioneering insights and global presence we are confident we will grow the regional venture capital ecosystem together.”
The partnership will empower Global Ventures portfolio firms to access Accenture’s expertise in offering innovative solutions. Accenture’s clients will also get able assistance from the firms within the Global Ventures’ portfolio and utilize the emerging technologies.
Global Ventures as Accenture suppose more shared reimbursements from the augmented alliance in insights sharing. The two firms are already occupied together to yield research reports in the fields of EdTech and FinTech, the statement stated.