Dalberg strengthens its innovation capabilities through the acquisition of Ravel Innovation
PR96291
NEW YORK, June 1,2022/PRNewswire=KYODO JBN/--
To meet the Sustainable Development Goals by 2030, an enormous boost in
innovation capacity is required. Even as assets under management (AUM) of
impact-focused investors have increased from 500 to 700 billion US$ in the last
2 years, the supporting infrastructure for investable solutions has lagged.
Innovation programs that provide structured training and plans are a valuable
way to ignite and nurture impact enterprises that can grow to scale. However,
many of these lack deep business advisory support that can help enterprises
navigate the complexity of social challenges. To help bridge these needs,
Dalberg [http://www.dalberg.com/], a leading social impact advisory group has
acquired Ravel Innovation [https://www.ravelinnovation.com/], a Singapore-based
company which designs, builds, and runs an ecosystem of innovation communities
and corporate innovation programs, to help clients broaden and deepen their
impact globally. This new offering will combine the expertise of both
organizations and strengthen Dalberg's capabilities to help governments, NGOs,
progressive corporations, and funders drive innovation towards meeting the SDGs.
As a result of this acquisition of Ravel, the teams will be able to help
clients across the innovation spectrum, including building and running in-house
incubators/accelerators; running innovation processes for specific problem
statements; supporting young social enterprises to effectively scale; building
innovation platforms and, more broadly, helping investments in innovation be
more socially impactful.
"We see tremendous value in bringing Ravel's expertise to our clients who
are seeking to unearth and scale innovative ideas for addressing the most
pressing development challenges. The acquisition allows us to meaningfully
engage with risk-takers looking to make a real dent in the challenges of today
and the future. Importantly, the two organisations share a common ethos of
keeping social impact at the centre of the problem statements we take on," said
Gaurav Gupta, Partner and Regional Director for Asia, Dalberg Advisors.
"Over the past 10 years, since I started Impact Hub Singapore back in 2012,
I have seen how social and environmental citizenship has evolved amongst our
corporate and governmental clients - from an afterthought to a core belief,
from maximising shareholder value at all costs to optimising for total
stakeholder responsibility. As the first Google for Startups partner in
Southeast Asia, our community has grown to over 28,000 innovators. I am beyond
thrilled for Ravel to join the Dalberg global family and be able to extend our
services and impact to an even wider audience," said Grace Sai, Founder and
Director, Ravel Innovation.
With this acquisition, Dalberg aims to incorporate Ravel's innovation
capabilities and networks into its global advisory, sector, and regional
expertise. Ravel became part of Dalberg in May 2022 and their services will be
offered to Dalberg's clients through Dalberg offices worldwide.
About Dalberg
Dalberg is a leading social impact advisory group that brings together
strategy consulting, design thinking, big data analytics, and research to
address complex social and environmental challenges. It works collaboratively
with communities, institutions, governments, and corporations to develop
solutions that create impact at scale.
About Ravel
Founded in 2012, Ravel Innovation builds, designs and runs an ever-growing
ecosystem of spaces, communities and corporate innovation programs. Having
worked with more than 100 organizations, it combines organisational psychology,
startup-driven methodologies and an unparalleled network of global talent,
technologies and experts to create real impact for their clients, who in turn,
go on to change the world. It was also Google for Startup's first partner in
Southeast Asia.
Media Contact
Karishma Kram
Director of Strategic Communications
E: karishma.kram@dalberg.com
Shweta Ramesh
Brand Communications Associate
E: shweta.ramesh@dalberg.com
Photo 1: https://mma.prnewswire.com/media/1829493/Gaurav_Gupta.jpg
Photo 2: https://mma.prnewswire.com/media/1829494/Grace_Sai.jpg
Logo: https://mma.prnewswire.com/media/1829492/Dalberg_Logo.jpg
Logo: https://mma.prnewswire.com/media/1829495/Ravel_Innovation_Logo.jpg
Source: Dalberg
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