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10 Inspiring Corporate Venturing Initiatives in the UAE

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Corporate Venturing is a growing trend worldwide, allowing corporates to accelerate innovation through collaboration with startups.

Since we opened our office in Dubai in 2017, we have collaborated with major local and international organisations to help them invest in corporate venturing but also discovered marvellous local initiatives.

That's why we decided to highlight and share with you 10 of the greatest corporate venturing initiatives in the UAE.

Published in: Technology
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10 Inspiring Corporate Venturing Initiatives in the UAE

  1. 1. 10GREATEXAMPLESOF 
 CORPORATEVENTURING INTHEUAE !
  2. 2. TOACCELERATE GROWTHANDINNOVATIONYOUMUSTBUILDANAGILEFLEETTHROUGHCORPORATEVENTURING YOURCOMPANYISAMOTHERSHIP,AVERYSTABLEBUTSLOWMOTHERSHIP
  3. 3. TWO BEST-SELLING MANAGEMENT BOOKS ON BECOMING FUTURE PROOF SOLD IN +60 COUNTRIES “ “ LEARN MORE
  4. 4. Yourcompany Accelerationprogram Startupstudio Incubationprogram Startupscouting Fastprototyping Corporateventuringcapital Hackathon Startupevents CORPORATEVENTURINGFLEET Amisconception aroundcorporateventuringisthat it’s‘aboutStartupAcceleratorsorIncubatorsonly’. Whichisnotentirelytrue,thereissomuchmore.
  5. 5. 10GREATEXAMPLESOF 
 CORPORATEVENTURING
 INTHEUAE
  6. 6. MERGER & ACQUISITION
  7. 7. MERGER & ACQUISITION Emaar Malls,theretailbusiness armof Dubai’sEmaarProperties,hasfully acquiredonlinefashionretailer NamshiinFebruary 2019.
 
 EmaarMalls acquiredNamshi toreinforcesit’spositionintherapidly growing onlinemarketintheMiddleEast,complementingitsphysicalretailassets portfolio. Ouradvice:
 CorporateVenturinghas tobe astrategicinitiativethatconnectsto theoverall strategyof yourcompany.If youdecidetoacquireacompany,makesure it’s alignedwithyournorthstarvision.
  8. 8. ACCELERATION & INTRAPRENEURSHIP
  9. 9. TheGreenhouse isauniqueretailtech-acceleratorprogramlaunchedby theChalhoubGroupandfocused onacceleratingtechnology-driven solutionscateredtowards fastgrowingretailstart-ups.
 
 Chalhoubalsolaunched Ibtikar,anincubationandintrapreneurship programprovidingtimeand fundingtotestandproveemployeesideas. Ouradvice:
 If youdecided tobuildaspacededicatedtoinnovation,don’thesitateto bring-inexternalventures,intrapreneursandhosteventswithyour employeestofoster innovationinyourcompany. ACCELERATION & INTRAPRENEURSHIP
  10. 10. INCUBATION & INTRAPRENEURSHIP
  11. 11. INCUBATION & INTRAPRENEURSHIP e25isanentrepreneurshipprogramenvisionedbyMohammedAlabbar, Emaar’s chairman. 
 Hegathersateam of youngpeopleestablishandmanagemultipleventures thatshape thefutureof Emaartoworkonsubjectsfromclimatechange,to changingthewayphysicalstructures areconstructed. Ouradvice:
 Whenyoubuildanincubatorforinternalprojects,don’t hesitatetobring-in externaltalents tosupportyourteam inyour innovationeffort.Also,makesure theinnovations youbuild arealignedwithyour vision.
  12. 12. ACCELERATION PROGRAM
  13. 13. ACCELERATION PROGRAM Startupbootcamplaunched incollaborationwith industry leadersaFinTech accelerationprogramtohelpstartupsbuildahighlyscalablebusinesswithsolid revenuegrowth. Ouradvice:
 Whencollaboratingwithexternalventures,workingwith arenownedorganization willhelpyouattractthebeststartups,buildatrulyefficientprogramandengage with startupsinthebestpossibleway.
  14. 14. COLLABORATION
  15. 15. Rotana,aprivatehotelmanagementcompanyinAbuDhabi,willpilota directdistributionagreementwithAirbnbinDubai.
 
 Residentialandproperty listingsonAirbnbintheUAErequiregovernment regulatoryapproval.Rotana’spilotisthefirsttimeintheUAEahotelierhas publiclyenteredintoanagreementwiththetechnologycompany. Ouradvice:
 If youwenttocollaboratewithexternalventure,makesureit isalignedwith yournorthstarvisionand makesurethepeopleincharge sufficient resources,processesandvisiontodriveit. COLLABORATION
  16. 16. PITCH COMPETITION
  17. 17. Etisalat’s“HelloBusinessHub”isaonestopshop covering alltheneedsof smalland mediumbusinesses and startups.
 
 TheHelloBusiness Hub launched HelloBusinessPitch providing an opportunityforstart-upstopitchtheirbusinessideasinfrontof anexpertpanel of judgeswhoassesses theirbusinessmodel throughthestrength of theirpitch.
 
 Apanelof judgesselectedthetopfivewinnerswhowereawardedprizes worth uptoAED180,000.
 
 Ouradvice:
 Makeitmore thanjustaboutPitching,makeitaboutnetworking,bring inyour executives,yourinnovationteamand yourecosystem! PITCH COMPETITION
  18. 18. INCUBATION PROGRAM
  19. 19. INCUBATION PROGRAM Intelakisanincubationprogramdedicatedtoinnovativeideasthat makestravelsimpler,better,or moreexciting. The programis hostedbyDTECandledbyEmiratesGroup,GE andDubai Tourism.
 
 Selectedprojectwillreceiveacashprizeof uptoAED50,000andbeawardedaplaceonourtwo- month intensive learning-by-doingincubationprogram.Theprogramalsoofferco-creationor employmentopportunities (earlystageacqui-hire)withtheprogrampartners.
 
 Ouradvice:
 Leveragethestrengthof yourecosystembyjoiningforceswithothercompanies participating in yourcustomerjourney.
  20. 20. INNOVATION LAB
  21. 21. INNOVATION LAB Duistakingthelead tobuildaUAE5GInnovationLabtoprototype,testand validateearly5GandInternetofThings(IoT)equipmentandservices.
 
 U5GIGwillalsoallowuniversitiesandtechnicalorganisationacrossUAEto worktogetherandparticipateinthedevelopmentof the5Gecosystem
 
 Ouradvice:
 Becauseof alackof framework,Innovationlabsoftenendup being anice marketingandPRtoolinstead of aninnovationtheater.Makesureyoubuilda teamwiththeright mindset,supportedbysufficientmeansandaclear mandate.
  22. 22. ACCELERATION PROGRAM
  23. 23. ACCELERATION PROGRAM DubaiFutureAcceleratorsis agovernmentinitiativetofacilitates partnerships betweenlocaland international startups,privatesector organizationsandgovernmententitiestoboostinnovationandco-create solutionsforthefutureof Dubai.
 
 Ouradvice:
 Whenwethinkaboutcollaborativeinnovation,mostof thetime,weonly thinkaboutstartups butlikeDubaiFutureAccelerator,youcanbuildan ecosystem of startups and corporatestohelpyoutackleyourchallenges.
  24. 24. ACCELERATION PROGRAM
  25. 25. ACCELERATION PROGRAM ADGM andPlugandPlaylaunchedthe3rdeditionof theirstartup accelerationprograminAbuDhabi,focusedonFinTech.They partnered with majorlocaland internationalfinancial institutions.
 
 Thestartupsselected forthisthree-monthacceleratorprogram will have theopportunitytoworkalongsidethefinancial institutionstoexecutePOC orpilotprojects
 
 Ouradvice:
 To attractmajorstartups,joinforceswiththebestpartners.
  26. 26. EARN Morethan1startup? Yes: VC Fund TURN No: Purefinancial transaction? Yes: Equity investment No: Doesitmakesense toacquire100%? Yes: M&A Notperse: JointVenture Sustained: Frequently: Adhoc: Ourcommitment? Notper se:Reversementorship
 Do wewanttochangeculture? No Arewewillingtoinvest? Startup Mondays Dowewant tochangemindset? Yes:StartupSafari Notperse:Networkevent(s) Yes:Co-habitation Yes:Non-equityinvestment Dowe wanttobuildownsolutions? Isthis aone-off initiative? No: Short-terminnovationasgoal? Yes: Accelerator Yes:Tradeoff formoney? No: Incubator No: Dowe exactlyknowwhatwe wanttogetoutof this? Yes: Hackathon Yes:Buyfromstartup(s) No: Collaboration withexistingstartup? Yes:Reverse dating No:StartupasaService No Yes Acqui-hire No Dowe haveinternal capabilities?YesStrategically soundtoinvest? Yes Notperse LEARN Whattypeof CVsuitsyou best? START WITH THE END IN MIND AND WORK YOUR WAY TOWARDS THE BEST MIX OF CORPORATE VENTURING FOR YOUR FLEET
  27. 27. NEEDHELP? GETINTOUCH: martial.dahan@duvalunion.com Weareheretohelp youbuildyourfleet
  28. 28. UNDER CONSTRUCTIONDUVALUNIONCONSULTING.COM ABOUT US BOUTIQUE SINCE 2009 25 ENTREPRENEURIALS OFFICES IN 4 COUNTRIES WE HELP CORPORATES INNOVATE & GROW LIKE STARTUPS
  29. 29. GetourCorporateVenturingbook
  30. 30. 10GREATEXAMPLESOF 
 CORPORATEVENTURING INTHEUAE !

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