10 Inspiring Corporate Venturing Initiatives in the UAE
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The document discusses corporate venturing in the UAE, emphasizing its role in accelerating growth and innovation through strategic initiatives like mergers, acquisitions, and incubation programs. It highlights ten examples, including Emaar's acquisition of Namshi and the launch of various accelerator programs to foster collaboration and innovation. The advice provided throughout stresses the importance of alignment with company vision and the need for robust partnerships to drive success.
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10 Inspiring Corporate Venturing Initiatives in the UAE
- 3. TWO BEST-SELLING MANAGEMENT BOOKS ON BECOMING FUTURE PROOF SOLD IN +60 COUNTRIES “ “ LEARN MORE
- 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.
- 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
- 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.
- 13. ACCELERATION PROGRAM Startupbootcamplaunched incollaborationwith industry leadersaFinTech accelerationprogramtohelpstartupsbuildahighlyscalablebusinesswithsolid revenuegrowth. Ouradvice: Whencollaboratingwithexternalventures,workingwith arenownedorganization willhelpyouattractthebeststartups,buildatrulyefficientprogramandengage with startupsinthebestpossibleway.
- 14. COLLABORATION
- 15. Rotana,aprivatehotelmanagementcompanyinAbuDhabi,willpilota directdistributionagreementwithAirbnbinDubai. Residentialandproperty listingsonAirbnbintheUAErequiregovernment regulatoryapproval.Rotana’spilotisthefirsttimeintheUAEahotelierhas publiclyenteredintoanagreementwiththetechnologycompany. Ouradvice: If youwenttocollaboratewithexternalventure,makesureit isalignedwith yournorthstarvisionand makesurethepeopleincharge sufficient resources,processesandvisiontodriveit. COLLABORATION
- 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
- 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. INNOVATION LAB
- 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.
- 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.
- 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. 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
- 28. UNDER CONSTRUCTIONDUVALUNIONCONSULTING.COM ABOUT US BOUTIQUE SINCE 2009 25 ENTREPRENEURIALS OFFICES IN 4 COUNTRIES WE HELP CORPORATES INNOVATE & GROW LIKE STARTUPS