Ireland-headquartered professional services provider Accenture has partnered United Arab Emirates-based venture capital firm Global Ventures to identify open innovation opportunities in the Middle East.
The strategic alliance will entail the firms sharing industry expertise in areas including cloud and security technologies, having both already conducted joint research efforts on education and financial technologies.
In addition, Accenture will provide its global connections and know-how to Global Ventures’ portfolio companies, which will offer their innovative technologies to the corporate’s customers in return.
Alexis Lecanuet, regional managing director for Accenture in the Middle East, said: “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.”
