Saturday, March 2, 2024
No menu items!
Ad

Top 5 This Week

bama cap

Related Posts

HSEVEN Disrupt Africa accelerator to invest €150,000 into early-stage startups in Africa

HSEVEN, a Morrocan startup accelerator has launched “HSEVEN DISRUPT AFRICA”, a 6-month program promising to provide a seed investment of €150,000 plus an eventual investment of €500,000 to €1.5 million.

Targeted at 10 seed and early-stage startups with 2 to 5 founders that are eager to impact Africa through innovative services, products and business models, the program has launched a global call for applications, followed by an international selection roadshow in New York, Montréal, San Francisco, Shanghai, Dubaï, Londres, Amsterdam, Paris, Casablanca.

- Ad -

“We will bring the best Moroccan, African, and African-at-heart entrepreneurs from all over the world to build impactful world-class African startups,” said Amine Al-Hazzaz, Founder & CEO of HSEVEN.

The selected startups will benefit from a seed investment of €150,000 at the beginning of the program for 5 to 7% equity, then an eventual investment of €500,000 to €1.5 million at the end of the program. These investments will be granted through a partnership with the venture capital firm Azur Partners with funding support from the Dutch Good Growth Fund (DGGF) and the Innov-Invest program of the Caisse Centrale de Garantie (CCG) with the support of the World Bank.

- Ad-

The startups will be given strategic advice and expertise, access to key networks and capital through Azur Partners, Fabernovel, Strategy&, PricewaterhouseCoopers (PwC), l’École Centrale, Amazon Web Services and the top 50 Venture Capital firms. They will also benefit from tailored mentoring with +350 Moroccan and international mentors.

- Ad -

Popular Articles