Press Release Monday October 16, 2017
OCO Global GLOBAL SELECTED FOR DUBAI FUTURE FOUNDATION’S ACCELERATOR PROGRAMME TO DRIVE BUSINESS INNOVATION AND INVESTMENT IN THE REGION Leading economic development specialist OCO Global is pleased to announce that it is one of the 46 world-wide innovators accepted into the prestigious Dubai Future Accelerators (DFA) programme. The company has been chosen through a competitive process to take part in a 9-week accelerator programme that will draw together leading companies from around the world to tackle an ambitious checklist of key 21st century questions. The chosen companies cover a range of innovative ideas that seek to shape the future of key sectors, find effective solutions to current challenges facing the future of Dubai, and, ultimately, create a better life for future generations.
The OCO Global team will work with the Dubai Department of Economic Development (DED) to develop an intelligent business rating system that can be used to assess and score SMEs’ accessibility to financing. OCO Global is already an innovator in this field, having pioneered the industry-leading Velociti data-mining tool that is used by its clients to fine-tune the accuracy and effectiveness of their prospecting and business recruitment. Velociti offers advanced machine-learning intelligence for businesses across the globe with a view to assessing their potential for growth through trade and foreign direct investment. Velociti has seen a surge in interest following the Brexit referendum result as UK companies look for export markets across the world and foreign investors look to take advantage of the devalued pound. Khalfan Belhoul, CEO of Dubai Future Accelerators, said: “We’re pleased to welcome OCO Global into the 3rd Cohort at Dubai Future Accelerators.
With their established presence in Dubai, they have already shown a commitment to the region and we look forward to working with them on this exciting project.” Earlier this year, OCO Global acquired the British Centres for Business (BCB) in Dubai. OCO Global CEO Mark O’Connell said: “The UAE (United Arab Emirates) is an exciting market at the moment with its ambitious foreign direct investment attraction policies and investment in world-class infrastructure. We feel that Dubai offers a model of stability and good governance in a challenging region of the world and OCO Global is delighted to be part of the next big leap forward in transforming its economy into a locus for innovation.” Joe Hepworth, director of OCO Global Middle East, said: “Starting with our acquisition of the BCB and becoming part of the DED-BCB market-entry incubator scheme in Dubai, our acceptance onto the DFA programme is another important milestone in the company’s development and commitment to the region. We continue to see enormous opportunity in the UAE and MENA region for trade and investment opportunities that we are tasked by our clients to bring to fruition.”
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Notes to editors About OCO Global OCO Global is the leading advisory firm in Europe for trade and investment services and works with businesses to guide their expansion internationally through export and FDI. OCO Global offers a one stop, full service solution for companies working with a range of trusted business partners to make it fast and easy to set up new operations and expand quickly.
The company is the appointed provider of the UK Government to support UK businesses entering the European market. OCO Global also works with many US companies supporting their expansion into Europe and Asia. OCO Global is a leading specialist provider of trade and investment services including market entry support, business intelligence for trade and investment, trade mission support, business development, advisory, trends analysis and software solutions. Headquartered in Northern Ireland, OCO Global has offices in leading markets globally including UK, Germany, France, Japan, the UAE and the US. OCO Global’s clients include leading national, state and regional economic development organizations as well as private companies seeking to enter new markets or grow their domestic base.
About Velociti Velociti is an intelligent data platform designed to develop and prioritize investment pipelines and export options. Velociti collates and analyses data from over 40k sources in addition to providing exhibitor analysis for leading tradeshows, summarizes the results and provides actionable insights on which companies are geared for expansion and export. It is different from other data tools as the platform provides more than a score based purely on company data. Velociti’s unique algorithm also evaluates company origin and industry.