Clara, a digital platform specializing in the digital incorporation of companies and streamlining legal processes for startups, and VMS, a venture studio dedicated to enhancing innovation, have announced the signing of a Memorandum of Understanding (MoU) to collaboratively support and sponsor startups across the Middle East and North Africa.
This strategic partnership combines Clara’s expertise in demystifying complex legal issues for startups with VMS’s comprehensive resources, knowledge, and network. Together, they aim to provide a robust ecosystem for entrepreneurs, facilitating their journey from idea to successful enterprise.
The partnership entails:
- Legal Simplification: Clara will offer easy-to-understand legal guidance to help startups navigate the intricacies of establishing, expanding, and exiting their businesses.
- Innovation Hub: VMS will continue to empower entrepreneurs with its extensive resources, expert insights, and networking opportunities, fostering a culture of innovation.
- Risk Reduction: The collaboration will focus on mitigating risks for startups, ensuring a safer and more successful growth trajectory.
Abdullah Alnashwan, the Director of Clara in Saudi Arabia, expressed excitement about the partnership with VMS, a company that shares their commitment to innovation and entrepreneurial success. “This partnership will enable us to support our channel partnership approach in the Kingdom and abroad, reaching more startups and providing them with the comprehensive support they need to navigate the legal landscape and succeed in the competitive market,” he said.
Mutaz Abu Enq, CEO of VMS, added, “Collaborating with Clara aligns perfectly with us. Their expertise in simplifying legal processes complements our mission to nurture and support innovative ventures. Together, we look forward to making a lasting impact on the startup community.”
It is noteworthy that VMS is a leading venture studio and innovation center focused on value-driven support for entrepreneurs and innovators.
