Redding positioned #9 on list of top 100 global corporate venture leaders
NEW YORK; June 13, 2019 – Accenture (NYSE: ACN) today announced that Michael J. Redding, managing director of Accenture Ventures, has been named to the Global Corporate Venturing (GCV) Powerlist 2019. Redding ranks #9 on the list of the top 100 corporate venturing leaders worldwide, in recognition of his strategy and leadership capabilities.
The annual GCV Powerlist assessed more than 2,200 corporate venturing units worldwide based on an evaluation of thought leadership, vision, and demonstrated motivational abilities, as well as its portfolio of acquisitions, investments and business partnerships.
Launched in 2015, Accenture Ventures acts as a bridge to the global innovation ecosystem by bringing Accenture’s clients together with best-in-class, enterprise-relevant startups to unlock their growth potential and accelerate digital transformation. A vital part of the Accenture Innovation Architecture, Accenture Ventures also makes targeted equity investments in emerging technology startups, matching their capabilities with the business needs and priorities of Accenture’s clients.
Paul Daugherty, chief technology & innovation officer at Accenture added, “Accenture Ventures and its global network have unlocked exciting new growth opportunities for our clients by bringing them together with leading startups to co-develop innovative new solutions. GCV’s recognition of Mike and his Accenture Ventures team underscores the significant impact they’re having on the success of our clients and Accenture’s culture of innovation.”
The GCV Powerlist highlights Redding’s leadership in expanding Accenture Ventures’ impact by combining what was then its existing investment team, including GCV 2019 Rising Star Pramila Mullan, with its broader open innovation initiative. The open innovation program had been previously established to act as a “bridge-maker” between startups, accelerators, and VCs with innovation programs at Accenture’s enterprise clients. Combining the two created a superior corporate strategic capability that Redding describes as a systematic program of “local heroes, global champions.”
Under Redding’s leadership, Accenture Ventures has grown to encompass teams and representatives in 39 countries. Recently, Accenture Ventures established a team in China and made its first local investment in Malong Technologies, an artificial intelligence startup headquartered in Shenzhen.
For more information about Accenture Ventures, please visit www.accenture.com/ventures.
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