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