Dalberg, a social impact advisory group has acquired Ravel Innovation, 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, a statement said.
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, the statement said.
“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.
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