InnoVacient Designs an Innovation Excellence Center™ for InspireU as Part of Saudi Arabia's "Vision 2030"

SAN JOSE, Calif., June 1, 2016 /PRNewswire/ -- InnoVacient LLC, a recognized leader in Directed Transformation and strategies for "Fourth Horizon" innovation, along with Lamarka Consulting, our lead partner in the Middle East, has just completed a re-design of the InspireU Technology and Entrepreneurship Center of Excellence in Riyadh, Saudi Arabia.

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InspireU is a new division of the Kingdom's largest telecom company and is the largest corporate sponsored incubator/accelerator for technology startups in the region. The fundamental goal of InspireU is to drive economic growth and create new job opportunities across the Kingdom through innovative solutions that will help elevate Saudi Arabia's standard of living and the transition away from an oil based economy. InspireU is one the first, and largest, entrepreneurial initiatives launched in support of "Saudi Vision 2030," a 15-year plan to transform the overall economy of Saudi Arabia that was launched in May 2016.

InnoVacient has a proven history delivering technology, innovation and cyber-resilience centers-of-excellence for corporate clients and governments around the world. Together with Lamarka Consulting Services, the leading business operations and strategy consulting firm in Saudi Arabia, InnoVacient is pleased to have participated in this initiative by providing guidance, expertise and our turn-key Excellence Center operational model to a nation focused on economic transformation through technology and innovation.

Kenneth Ferderer, Founder and Managing Partner of InnoVacient on the announcement, "We are extremely thrilled about the opportunity to work with the InspireU team and the chance to positively impact the innovation and economic development capabilities of Saudi Arabia. Additionally, we are excited to solidify our partnership with Lamarka and look forward to the opportunities this channel provides for delivering our combined strategy and innovation solutions across the UAE and Middle East."

About InnoVacient

InnoVacient is the recognized leader in directed transformation and strategies for "Fourth Horizon" innovation working with global Fortune 100 enterprises faced with the need to continually innovate in order to remain competitive. InnoVacient's experience and approach enables clients to prepare for, and adapt to, future and emerging market challenges and the opportunities that are intertwined with all technology-centric innovation. InnoVacient's patented and leading-edge approach to strategy and transformation cuts across industries and spans a wide range of capabilities providing to clients a full spectrum of capabilities from assessment to design to execution and optimization. Visit www.innovacient.com or email [email protected] for more information about InnoVacient.

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