Mubasher: VMS and Clara, a platform streamlining company digital formations, inked a memorandum of understanding (MoU) to back startups in the MENA region.
The two parties signed the agreement on the slides of LEAP24 that took place in Riyadh during 4-7 March, according to a press release.
Under the strategic partnership, VMS will leverage Clara’s expertise in demystifying legal complexities for startups with its comprehensive resources, knowledge, and network.
They plan to secure a robust ecosystem for entrepreneurs, providing a smoother journey from concept to successful venture.
On its part, Clara will offer accessible legal guidance to enable startups to navigate the intricacies of setting up and expanding their businesses.
Meanwhile, VMS will continue to back entrepreneurs with its resources, expert insights, and networking opportunities.
Additionally, the collaboration will focus on reducing risks for startups, which will ensure a more secure and successful growth trajectory.
Abdallah Alnashwan, Head of KSA for Clara, said: "This partnership will help further support our channel partnership approach in the Kingdom and beyond and enable us to reach more startups and provide them with the comprehensive support they need to navigate the legal landscape and succeed in this competitive market."
Motaz Abonoq, CEO of Value Makers Studio, noted: "Collaborating with Clara is a natural fit for 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 global startup community."
