Le Lézard
Classified in: Environment, Business
Subject: ESG

Dalberg strengthens its innovation capabilities through the acquisition of Ravel Innovation

NEW YORK, June 1, 2022 /CNW/ -- 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, a leading 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.

Gaurav Gupta, Partner and Regional Director for Asia, Dalberg Advisors

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: [email protected]  

Shweta Ramesh
Brand Communications Associate
E: [email protected] 

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

Grace Sai, Founder and Director, Ravel Innovation


Dalberg Logo


Ravel Innovation Logo


SOURCE Dalberg

These press releases may also interest you

at 16:31
Consolidated Edison, Inc. ("Con Edison") today announced that it entered into a purchase and sale agreement pursuant to which Con Edison agreed to sell its interest in its wholly-owned subsidiary, Con Edison Clean Energy Businesses, Inc. and its...

at 10:38
CGN Europe Energy ("CGN"), a European leader in green energies, is co-organizing the open day of its wind farms located in the south of the city with Town Hall of Assac. Themed "From Wind Farms to Windmills", the 6 kilometers hike is also the first...

at 10:00
The most sustainable coffee pod now encapsules the most sustainable coffee. Smile Coffee Werks® upgraded its coffee beans to Fair Trade and USDA Organic ? an astounding compliment to its plant-based, Carbon Neutral, and USDA Biobased pods that are...

30 sep 2022
AIDS Healthcare Foundation (AHF), the largest, non-profit global AIDS organization, in partnership with Broward House is pleased to announce that on Saturday, October 1st, 2022, the opening of a new site for its Food For Health Program in the city of...

30 sep 2022
The MolinaCares Accord ("MolinaCares"), in collaboration with Molina Healthcare of Florida ("Molina"), is donating $300,000 to the Florida Disaster Fund, Farm Share, Harry Chapin Food Bank, and Latino Leadership in the aftermath of Hurricane Ian's...

30 sep 2022
Azure Printed Homes (Azure), innovators of 3D printing building technology of recycled plastic, has been selected by Re-Inhabit, a Southern California home builder, for the production of ten 3D printed homes. Re-Inhabit plans to initially install...

News published on 1 june 2022 at 04:30 and distributed by: