Dislog Group, a major player in distribution and logistics in Morocco, has announced the creation of its own foundation dedicated to supporting startups in the North African country. Endowed with 10 million dirhams ($1m), this new structure has given itself the mission of supporting the promoters of Moroccan projects in the realization of their ideas whatever their stage of advancement.
“All types of digital projects are accepted with, however, a preference for start-ups in relation to the businesses of the Dislog group: distribution, logistics, transport, merchandising, industry, media, digital advertising …”, the group said in a press release.
Here Is What You Need To Know
- Through its startup incubation and acceleration program, the Dislog foundation aims to support Moroccan startups in the realization of their projects by providing them with an ecosystem conducive to their development.
“I am very proud to launch the Dislog foundation. This foundation will consist in helping young Moroccan entrepreneurs to launch their startup around the ecosystem of trades and the value chain of Dislog group ”, says Moncef Belkhayat, president of Dislog Group. “This foundation will put in place the necessary means for the success of our CSR policy because, as a large group, it is important for us to support and provide assistance to Moroccan youth,” he added.
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How The Fund Will Work
Project leaders interested in the fund must apply online on the foundation’s website.
Applications are already open, said the group, specifying that the projects in question must be digital and innovative.
The same source indicates that applicants will be advised free of charge for one day by the foundation’s analysts, adding that the selected projects will benefit from support in the implementation of this advice for a period of up to two years, but also funding ranging from 100,000 to 500,000 DH.
Offices will also be made available free of charge by the Dislog Foundation.
“We are going to structure ourselves by providing young Moroccan entrepreneurs with offices, coaching, internet, computers and also funds to be able to help them implement their good ideas”, confirms Moncef Belkhayat.
And that’s not all! The foundation has also set up an ecosystem of partners allowing selected entrepreneurs to benefit from a one-stop shop for the development of their projects, which is made up in particular of Endeavor, Wib.co Start up Studio, Burj Finance and firm Boughaleb et associés.
Note that it is already possible to apply online on the foundation’s website: www.fondationdislog.com
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer