Morocco’s startup environment has long been characterised by a favourable dynamic. In order to create and maintain a favourable environment for start-up formation and development, a number of support structures are organised. They make form a crucial support system for the development of creative enterprise in Morocco. Orange Fab, a start-up accelerator and third division of Orange Digital Center Morocco, strives to educate young people about cutting-edge technologies and identify the most promising start-ups so that it may provide them with the necessary development and management assistance.
For this inaugural round, Orange Fab Morocco has established the AGV (High Speed Accelerator) acceleration programme for entrepreneurs in the FinTech (Paytech, Regtech, Cash management, Crowdfunding, Neobank, etc.) and BlockChain sectors (money transfers and payments, Internet of Things, digital identification, supply chain management.). The goal is to enable enterprises to form commercial collaborations with Orange Morocco as well as other big national or international organisations. These young enterprises will thus have to fulfil the demands of Orange Morocco’s business divisions and the partners chosen for this edition, as well as be a force of proposition for all sorts of innovations, whether technological, functional, or even disruptive.
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Two key investment funds will assist Orange Fab Morocco’s initial marketing. These are Orange Ventures Africa, a subsidiary of Orange Ventures with a 50 million euro fund for African start-ups, and the Swiss Digital Assets Institute (SDAI), which has allocated 100 million euros to FinTech and BlockChain start-ups with the goal of empowering young entrepreneurs to adapt to digital assets and decentralised finance (DeFi).
In order for the selected start-ups to be competitive in the present economic environment, the two partners will provide financial and know-how support. In this occasion, six start-ups will be selected to participate in the Orange Fab acceleration programme for the year 2023.
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PipPipYalah, Becare, Hsabati, Ta7alil.ma, Dealkhir, and Lmarchi are among them. Three start-ups (Becare, PipPipYalah, and Ta7alil.ma) have been selected to attend Viva Tech 2023, an annual event dedicated to technological innovation and start-ups that will be hosted in Paris in June of next year.
“As a citizen and dedicated operator, Orange Morocco is increasing its efforts to deliver crucial digital services tailored to everyone’s requirements. Moreover, Orange Morocco inked a deal with the government in 2022 to carry out a 5.7 billion dirham investment programme over the following three years,” said Hendrik Kasteel, CEO of Orange Morocco.
The Orange Company also provides financial assistance through its Orange Ventures investment fund, which oversees over 350 million euros in assets and aims to promote future global champions in innovation.
Orange Morocco startups Orange Morocco startups
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard