The Abu Dhabi Investment Office (ADIO) has entered into a partnership with the US-based Health Cloud company Innovaccer to improve the accessibility, affordability, and quality of healthcare in the Middle East.
Under the partnership, Innovaccer will receive financial and non-financial incentives to set up its regional headquarters in Abu Dhabi. The incentives will be part of ADIO’s $545 million Innovation Program that creates growth opportunities for businesses in the emirate.
ADIO’s Innovation Program supports high-growth companies and helps them tap into the sizeable sectoral opportunities available in Abu Dhabi. The program has allocated $353 million (AED1.3 billion) to support more than 40 innovative companies since its 2020 launch.
According to the statement, Innovaccer will also partner with local universities in Abu Dhabi by collaborating on conferences, presentations, and research.
Innovaccer’s regional Abu Dhabi headquarters will boost the emirate’s talent ecosystem and economic growth with the addition of more than 80 high-skilled employees to support development, marketing, sales, implementations, customer support, and other operations throughout the region.
Abdulla Abdul Aziz Al Shamsi Acting Director-General ADIO
“ADIO seeks partnerships with transformative companies that are driving positive change within their sectors. Innovaccer’s mission to transform healthcare data access and usability will be accelerated by its expansion to Abu Dhabi, with the emirate’s innovation ecosystem and established healthcare infrastructure and networks providing the ideal base to achieve growth and regional success.”
Mr. Sandeep Gupta, co-founder, and COO at Innovaccer said that, “This collaboration will accelerate healthcare transformation in the Middle East to meet the public’s needs and expectations for accessible, affordable, high-quality care. Our technology is instrumental in helping healthcare stakeholders succeed in highly complex, regulated, and increasingly consumerized markets. Now we’re bringing our proven platform to Abu Dhabi to drive global healthcare data innovation, and help accelerate the region’s transition from volume to value.”
Innovaccer has received wide-ranging support from the Abu Dhabi ecosystem. The company’s most recent Series E funding round led by Mubadala in December 2021 brought its valuation to $3.2 billion.
Additionally, Innovaccer is building local relations in Abu Dhabi to establish the emirate as its first commercial market in the Middle East and a platform for regional growth.
