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.
“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.
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.