{"id":467974,"date":"2020-05-30T13:39:14","date_gmt":"2020-05-30T13:39:14","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=467974"},"modified":"2020-05-30T13:39:14","modified_gmt":"2020-05-30T13:39:14","slug":"morocco-hseven-accelerates-entrepreneurs-and-startups-to-build-africas-future","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2020\/05\/30\/morocco-hseven-accelerates-entrepreneurs-and-startups-to-build-africas-future\/","title":{"rendered":"Morocco: HSEVEN accelerates entrepreneurs and startups to build Africa’s future"},"content":{"rendered":"
<\/div>

The 4th<\/sup> technological and industrial revolution is transforming the world, and the Covid-19 pandemic accelerated exponentially this transformation. This crisis is the tipping point of a new economy: more human, more inclusive, greener, and resolutely technological.<\/p>\n

Startups worldwide played a crucial role in providing concrete solutions to the hundreds of millions of people fighting the crisis and the billions confined people. The startups will play a vital role to restart and stimulate the economy, but also to reinvent our world.<\/p>\n

To contribute to the spur of new solutions for the continent, HSEVEN, Africa’s largest startups accelerator, is launching “Rise-Up”, “Re-Start” and “Disrupt”, three ambitious incubation and acceleration\u00a0programs, designed for exceptional entrepreneurs building high-impact startups.<\/p>\n

“It is time for entrepreneurs and startups of Morocco and Africa to transform our economies by focusing on new homegrown solutions in key impactful sectors: SharedEconomy, MedTech, EdTech, AgriTech, GreenTech, inclusive FinTech and GovTech”<\/em> said Amine Al-Hazzaz, Founder & CEO of HSEVEN.<\/p>\n

Rise-Up, Re-Start and Disrupt programs are designed to support exceptional entrepreneurs building high-impact startups, and targets pre-seed, seed and early stage startups with 2 to 5 founders that are eager to impact Africa through innovative services, products and business models.<\/p>\n

Access to financing \/ funding<\/strong><\/h4>\n

Rise-Up and Re-Start selected entrepreneurs will have a 200,000 dirhams grant (\u20ac18,000), a 500,000 dirhams forgivable loan (\u20ac45,000), then an eventual 1.5 (\u20ac135,000) to 15 million dirhams (\u20ac1,350,000) non-guaranteed loan without a personal guarantee and including a 3-year\u00a0deferred reimbursement. The funds are provided from the Innov-Invest program of the Caisse Centrale de Garantie (CCG) with the support of the World Bank, and the Banque Centrale Populaire du Maroc.<\/p>\n

Disrupt selected startups will benefit from a seed investment of \u20ac150,000 at the beginning of the program for 5 to 7% equity, then an eventual investment of \u20ac500,000 to \u20ac1.5 million at the end of the program. These investments will be granted through a partnership with the venture capital firms Azur Partners and Upline Alternative Investments. The program will benefit from funding of the Dutch Good Growth Fund (DGGF) – Triple Jump.<\/p>\n

“HSEVEN ambition is to accelerate entrepreneurs and startups that will reshape Africa’s future”<\/em> said Amine Al-Hazzaz, Founder & CEO of HSEVEN.<\/p>\n

The call for applications is now open until June 30, 2020 via the platform\u00a0<\/strong>www.hseven.co<\/strong><\/a>. The selection process will be conducted by HSEVEN\u00a0team and its community of experts.<\/strong><\/p>\n

Access to HSEVEN ecosystem<\/strong><\/h4>\n

The entrepreneurs and startups selected will also be given strategic advice and expertise, access to key networks through HSEVEN partners such as La Banque Centrale Populaire, Fabernovel, Strategy&, PricewaterhouseCoopers (PwC), Amazon Web Services and l’Ecole Centrale.<\/p>\n

Selected entrepreneurs for Rise-Up and Re-Start incubation program will benefit from 7 Design sprints, 12 Workshops, 24 mentoring sessions, 24 weekly sessions with HSEVEN team, 8,680$ or more of Amazon Web Services.<\/p>\n

Startups\u00a0selected for Disrupt program will benefit from 15 Workshops, 15 mentoring sessions, 15 working sessions with HSEVEN, 50,680$ of Amazon Web services, and ability to connect with national and international companies to co-develop, associate or sell.<\/p>\n

Entrepreneurs will have access to a network of more than 350 mentors, influential leaders and partners to gain increasing access to national and international markets and additional investment through 50 VCs interested in Moroccan startups.<\/p>\n

During the 3 programs, selected startups will be located at HSEVEN\u00a0campus, in the heart of the Marina of Casablanca, Morocco.<\/p>\n

 <\/p>\n

About HSEVEN:<\/strong><\/h4>\n

HSEVEN is the biggest Startups accelerator in Africa with a <\/em>12,000 ft\u00b2 campus and an acceleration capacity of 200 startups a year. HSEVEN is building one of the strongest ecosystems on the African continent today to maximize entrepreneurs’ opportunities and create world-class African startups with the ambition to: <\/em><\/p>\n

\u201cAccelerate the Startups that will impact Morocco and Africa\u2019s future.<\/strong><\/p>\n

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