Irish leading consulting agency, Accenture has partnered with the UAE-based venture capital firm backed by Mubadala Investment Company, Global Ventures to strengthen innovation in the Middle East region.
The collaboration reflects Accenture’s commitment to innovation in the region and its goal to give its clients a competitive advantage as they move to a new normal in the future.
Both entities have identified three areas for collaboration in order to create long-term value in the regional innovation ecosystem. These include working closely together to develop thought leadership and research and uncovering insights and trends in industries where innovation drives disruption and opportunities.
Furthermore, Accenture will also connect its existing clients, including those in cloud and security, with the Global Ventures portfolio of companies to address pressing business challenges.
Through the new partnership, the Irish company’s international network and expertise in facilitating innovative solutions will be made available to Global Ventures portfolio companies. Moreover, Accenture’s clients will benefit from companies in the Global Ventures portfolio and will be able to use emerging technologies.
“We are proud to announce Accenture’s first venture capital partnership in the Middle East and North Africa region. 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 and providing unmatched industry expertise and counsel. We look forward to working with Global Ventures’ portfolio of growth-stage startups and exploring potential collaboration.”
Noor Sweid, Founder & General Partner of Global Ventures said, “We are delighted to join forces with a world-renowned company such as Accenture as its first venture capital partner in the MENA region. 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.”
Accenture is a global professional services company with leading capabilities in digital, cloud, and security. The company offers Strategy and Consulting, Interactive, Technology, and Operations services, all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. It has clients in more than 120 countries.
Global Ventures is a UAE-based venture capital firm, investing in founders and ideas scaling across emerging markets. Its portfolio companies include Arrow Labs, Buseet, Elmenus, Flora Now, Helium Health, Holiday Me, Kitopi, Lean, Mamo Pay, Mumzworld, Much:on, Ogram, Paymob, Spider Silk, Tabby, Tribal, and Zension.