Boston Consulting Group’s business-building division, BCG Digital Ventures (BCGDV), recently opened two new innovation centers in New Delhi, Mumbai and Casablanca to contribute to the development of technology, artificial intelligence (AI) and startup creation, a press release reported.
“Africa presents numerous opportunities for digital innovators to use AI and other emerging technologies for improving access to education, health care, financial services and energy,” BCG managing director and partner and the new DV Casablanca Center lead, Hamid Maher, said in the release. “By leveraging innovative technologies, BCG Digital Ventures is uniquely positioned to unlock the potential of our clients and create extraordinary impact in the region.”
The new establishments will help the company strengthen the efforts to enhance BCGDV’s strong track record in building and launching game-changing businesses for leading public and private organizations around the globe,” a recent press release stated.
The idea to launch in Morocco was suggested after the company noted the significance of high-tech companies in the country, and its "fertile grounds for tech entrepreneurs." The idea to include India in the mix derived from the country’s startup reputation, with the ecosystem ranking third largest in the world after the U.S. and China.
“India is home to the fastest-growing startup market in the world,” said Nipun Kalra, a BCG managing director, partner and the new BCGDV India Center lead, in a press release. “BCG Digital Ventures will further expand on BCG’s established presence in the region, working with leading domestic and international companies to transform a wide range of industries from the inside out.”
The company’s new ventures in India and Morocco brings its total sum of center locations to 16 across 12 countries. According to a recent press release, the centers can be found in Berlin, Casablanca, Chicago, Dubai, London, Los Angeles, Mumbai, New Delhi, New York, Paris, Riyadh, Shanghai, Shenzhen, Singapore, Sydney and Tokyo.
“When selecting new markets for expansion, BCG Digital Ventures seeks locations that offer diversity of thought, cutting-edge technology applications and opportunities for growth,” Stefan Gross-Selbeck, global managing partner of BCG Digital Ventures, said in the release. “Most importantly, we look for places where we can make a significant impact on the people, technology and society as a whole—which is why we are particularly excited about the opportunities to drive real change with our new locations in India and Morocco.”