Consultancy Accenture has linked up with Global Ventures, the UAE venture capital firm backed by Mubadala Investment Company, to promote innovation in the region.
The companies said on Wednesday that they will work together to develop thought leadership, enhance research capabilities and uncover innovative insights and trends in industries that drive new growth opportunities.
This is Accenture’s first venture capital partnership in the Mena region.
The Dublin consultancy also plans to work with Global Ventures’ portfolio of “growth-stage start-ups and explore potential collaboration”, said Alexis Lecanuet, Accenture's managing director in the Middle East.
“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,” he said.
The partnership will ensure Global Ventures' portfolio companies have access to Accenture’s expertise in innovative solutions.
Accenture’s clients will benefit from emerging technology developed by companies within the Global Ventures portfolio.
“We are delighted to join forces with a world-renowned company such as Accenture as its first VC partner in the Mena region,” said Noor Sweid, founder and general partner of Global Ventures.
“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.”
Founded in 2018, Global Ventures has invested in founders and ideas across emerging markets.
Its portfolio companies include Arrow Labs, Buseet, Elmenus, FloraNow, Ogram, Paymob, Tribal, Zension, Helium Health, HolidayMe, Kitopi, Mumzworld, Spidersilk and Tabby.
Global Ventures and Accenture expect to benefit from shared insights.
The two companies are already working together to produce research reports in the fields of education technology and FinTech.
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COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
The bio
Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.
Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.
Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.
Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.
The specs: 2018 Jaguar F-Type Convertible
Price, base / as tested: Dh283,080 / Dh318,465
Engine: 2.0-litre inline four-cylinder
Transmission: Eight-speed automatic
Power: 295hp @ 5,500rpm
Torque: 400Nm @ 1,500rpm
Fuel economy, combined: 7.2L / 100km
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
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Available: Now
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Ireland v Denmark: The last two years
Denmark 1-1 Ireland
7/06/19, Euro 2020 qualifier
Denmark 0-0 Ireland
19/11/2018, Nations League
Ireland 0-0 Denmark
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Ireland 1 Denmark 5
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Denmark 0-0 Ireland
11/11/2017, World Cup qualifier
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