Morocco Launches Tarwir — Startup, To Cover 30% Of The Investment Needs Of Selected Startups

Morocco has been making waves in North Africa when it comes to startup development in recent times. Apart from recently passing into law a bill that will allow startups in the country raise funds from the public, the country has just launched another initiative called “Tatwir — Startup” to support startups working towards the industrialisation of the north African country. Launched in Rabat by Moulay Hafid Elalamy, the country’s Minister of Industry, Trade and Green and Digital Economy, “Tatwir — Startup is part of the deployment of the Industrial Recovery Plan 2021–2023 which, among other things, aims to develop innovative, industrial and high value-added service projects led by startups.

Moulay Hafid Elalamy, the country’s Minister of Industry, Trade and Green and Digital Economy
Moulay Hafid Elalamy, the country’s Minister of Industry, Trade and Green and Digital Economy

Read also:Kenyan Logistics Startup Amitruck Secures Pre-seed Funding Round

Here Is What You Need To Know

  • The initiative has already taken effect, and will be executed through a partnership between the Minister of Industry, Trade and Green and Digital Economy, the National Agency for the Promotion of Small and Medium Enterprises (Morocco SME Agency) and Federation of the Startup Ecosystem of Morocco (MSEC). 
  • The “Tatwir — Startup” initiative, designed by Agence Maroc PME and the MSEC, will offer intensive support for startup projects ranging from idea to industrialization through the various phases of development and incubation. 
  • Particularly, the initiative will cover the following areas: 

Pre-incubation

This stage will include the selection of innovative ideas. It will assist through structuring of their ideas and will be accomplished through dedicated workshops organized by the incubators. The objective of this phase is to support 5,000 startup project leaders over a period of 3 years. 

Incubation

This stage will support startups project leaders to transform their ideas into viable projects. This support will continue until the startups fully take off. The objective of this phase is to support 300 startup project leaders over a period of 3 years. 

Investment

Under this phase, the partnership will ensure that it covers 30% of the tangible and intangible investment needs of the selected startups. 

How To Get Started

Interested startup project leaders are invited to complete the online application form available at the following address: Tatwir-Startup — Maroc PME registration form.

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

Tatwir — Startup Morocco Tatwir — Startup Morocco

Morocco to Inject $87.4 Million to Boost Regional Economies

Morocco’s Minister of Economy Mohamed Benchaaboun

Morocco’s Minister of Economy and Finance, Mohamed Benchaaboun has  pledged to inject  $404.4 million about MAD 3.7 billion  to boost regional economies. Benchaaboun announced that despite the decline of nearly MAD 40 billion ($4.3 billion) in the resources of the general budget, Morocco is committed to inject the full contribution, including the fourth installment estimated at MAD 800 million ($87.4 million) before the end of 2020. The sum will benefit regional councils.

Morocco’s Minister of Economy Mohamed Benchaaboun
Morocco’s Minister of Economy Mohamed Benchaaboun

Minister Benchaaboun said that Morocco transferred nearly MAD 31 billion ($3.3 billion) to Moroccan regions since 2016.

The Minister’s declaration took place before the Finance and Economic Development Committee’s presentation of its report on Morocco’s 2021 Finance Bill, at the House of Representatives.

Read also:Africa Needs More Homegrown Software Developers to Correspond to its Growing Internet Economy

A  plenary session will take place for the vote on the first part of the finance bill. Also scheduled is a review of the vote on the second part of the bill. The House of Representatives will then vote on the finance bill as a whole on the same day.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Morocco Issues €1 Billion Bond on International Financial Market

Morocco successfully issued a €1 billion bond on the international financial market on Thursday, with two €500 million tranches. Morocco’s Ministry of Economy and Finance celebrated the bond issuance, emphasizing the success of the sales of the sovereign notes as demands hit €2.5 billion, according to Morocco’s state media. The bond issuance comes after Morocco’s economy minister promoted the country’s political stability and the resilience of its macroeconomic framework to international investors. Morocco Issues €1 Billion Bond on International Financial Market.

Economy Minister Mohamed Benchaaboun
Economy Minister Mohamed Benchaaboun

The first tranche of Morocco’s €1 billion bond has a maturity of 5.5 years, a price of 99.374%, and a rate of return of 1.495%, or a coupon of 1.375%. The bond’s second tranche has a 10-year maturity, a price of 98.434%, and a rate of return of 2.176%, or a coupon of 2%. In a press release, the Ministry of Economy stressed that the bond issuance occurred “in a difficult context” amid the uncertainties of the COVID-19 crisis and its impact on the credit quality of bond issuers. However, Morocco’s €1 billion bond issuance was “a resounding success among international investors,” according to the ministry.

Read also:Morocco and Cote d’Ivoire Partners to Boost Rice Production

The press release reports the bond enjoyed an order book grossing €2.5 billion from 197 investors. This success, the statement added, confirms international bond investors’ and rating agencies’ confidence in Morocco. The bond issuance followed Economy Minister Mohamed Benchaaboun’s “NetRoadshow” with the international investor community. The minister led the initiative in partnership with teams from the Department of the Treasury and External Finances (DTFE).

Read also:Moroccan Banks Gave Out More Loans During COVID-19 Crisis

Morocco’s “NetRoadshow” allowed Benchaaboun to promote the country’s political stability and the resilience of its macroeconomic framework. He underlined, in particular, Morocco’s “Investment Grade” from S&P Global Ratings and Fitch Ratings.

Read also:€200 million From The EIB To Support Agribusinesses In Morocco

The minister also highlighted the scope of reforms Morocco has implemented under the leadership of King Mohammed VI. Bechaaboun stressed these reforms have “put Morocco on the path of sustainable development,” strengthened the rule of law, and consolidated the country as democratic, modern, and open. The “NetRoadshow” also enabled Benchaaboun to inform potential investors of Morocco’s economic and social measures aimed at mitigating the negative repercussions of the COVID-19 crisis and sparking the revival of the Moroccan economy.

Morocco issued the €1 billion bond in the 144A/RegS format, extending the scope of participation for investors across the globe.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Gender Equality to Have More Presence in Moroccan Economy

Saad Eddine El Othmani

Morocco is set to consolidate its achievements in gender equality through the establishment of the National Integrated Program for Women’s Economic Empowerment (PNIAEF), said Head of Government Saad Eddine El Othmani. The program, spanning over the coming decade, reflects Morocco’s approach to achieving equitable sustainable development. The initiative aims to honor the country’s commitments at the national, continental, and international level, El Othmani said on Tuesday, July 14.

Head of Government Saad Eddine El Othmani.

During the fifth meeting of the Ministerial Committee for the Governmental Equality Plan “Icram,” the head of government stressed that the program will strengthen Morocco’s legal, institutional, and economic empowerment of women, in accordance with the 2011 Constitution, adhering to the principles of equality, equity, and freedom.

Read also : https://afrikanheroes.com/2020/07/11/morocco-to-expand-local-industry-save-4-5-billion-in-imports/

According to El Othmani, the new strategic program represents an extension of the 2016-2021 “Icram” plan, which aims to protect the rights and dignity of citizens and promote freedoms and equality. PNIAEF will focus more on supporting the economic integration of Moroccan women and helping them reach financial independence.

The plan is results-oriented and based on sectoral and regional approaches, the head of government said. “This should promote effective management of the needs of citizens and reduce social and territorial disparities,” he added. El Othmani also recalled the adoption of Law 103-13 in 2018 on combating violence against women. He said the law represents an “important achievement” in terms of women’s legal empowerment. 

Read also :https://afrikanheroes.com/2020/07/09/morocco-adopts-amended-2020-finance-bill-in-light-of-covid-19/

The adoption of PNIAEF will allow the Moroccan government to embark on a new stage of reflection on gender-related issues, he continued. At the end of his speech, El Othmani highlighted the accumulated Moroccan experience in the field and welcomed the involvement of various ministerial departments, NGOs, and private partners in the implementation and monitoring of the new program. Several senior ministers attended the meeting, including Minister of Solidarity Jamila El Moussali, Minister of Islamic Affairs Ahmed Toufiq, Minister of Labor Mohamed Amekraz, and Minister of Culture Othman El Ferdaous.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Morocco’s Economic Growth to Rise to 3.3 in 2020-2021

 

MOROCCO’S economic growth is expected to pick up gradually and average 3.3 percent over 2020–2021, mainly driven by more dynamic secondary and tertiary activities, bolstered by high foreign investments, according to IMF forecasts.

Significant FDIs continue to flow into Moroccan automotive industries, especially in the new Peugeot plant – that will eventually double the sector’s production capacity – as well as into logistics and trade services following the expansion of the Tangiers port, say World Bank analysts.

Read also: This Morocco-Based Accelerator Is Looking For Startups To Invest In

Thanks to sound monetary policy and ample supply of fresh food, inflation is projected to average around 1% over the medium-term while the unemployment rate will slightly decline in 2019.

Morocco’s Non-agricultural growth will improve (3.4%in 2019 compared to 3% in 2018), driven by better performance of phosphates, chemicals, and textiles output.

According to the World Economic Outlook, private consumption will contribute the most to growth, boosted by higher salaries and low inflation. The report also cites the 2020 Budget which is expected to reflect the Government’s commitment to increase social spending financed by expanded efforts to mobilize revenue and controlling some recurrent expenditures. Subsidy policy will continue, especially for LPG (Liquefied petroleum gas) consumption.

Read also: Morocco’s Tanger-Med Port Now The Biggest Container Port In Africa And In The Mediterranean

Morocco’s current account balance is also expected to gradually improve over the forecast period due to the growth of manufacturing exports – especially automobiles, agribusiness, electronics, and chemicals – and rising tourism receipts, supported by a price easing of the main imported commodities and goods.

But, the government has revised downward Morocco’s economic growth this year. It projects the economy to grow by 2.9% this year after 3% in 2018 as the economy continues to be affected by agricultural output, according to Finance Minister Mohamed Benchaaboun.

Growth however is seen recovering to about 3% in the upcoming two years, according to the World Economic Outlook, just as Standard and Poors rating agency has upgraded Morocco’s outlook from negative to stable citing budgetary measures to control the deficit and reduce spending.

 

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry.

Morocccan Farmers Explore Hybrid Marijuana for Better Yields

hybrid Marijuana

Morocco is exploring the possibility of adopting hybrid Marijuana in its efforts to attract investment and attention to its burgeoning Marijuana market. The country’s Rif Mountains which have long been renowned for its cannabis is experiencing an upheaval as traditional varieties are being smoked out by foreign hybrids which offer higher yields for farmers and greater potency for consumers. The local strain of marijuana known as Beldiya in the local language is quite coveted by consumers but they are gradually disappearing from the fields Morocco due to influx of foreign hybrids of the plant.

Morocco has long been a leading producer and exporter of hashish — refined cannabis resin — even though the production, sale and consumption of drugs is illegal in the country. A quarter of hashish seizures worldwide originated from Morocco between 2013 and 2017, according to the United Nations Office on Drugs and Crime. While Morocco’s cannabis cultivation is falling, the adoption of hybrids means hashish production has remained stable.

Read also : This Morocco-Based Accelerator Is Looking For Startups To Invest In

With this development, farmers have shifted to another strain called Critical by the locals which they say is more coveted by both consumers and buyers. Critical is a product of the Netherlands but has easily adapted to Morocco. It is the lastest hybrid created in the laboratories in Europe to be introduced to Morocco. This according to farmers have led many especially those in the region of  Ketama, located in the heart of the Rif Mountains range to shift to Critical because the seeds give a much higher yield.  Local officials say that major cannabis producers decide what to plant and hybrid plants have become a market all on their own. This is coming at a time government have started paying more attention to cannabis production. Other hybrids that are making waves in the country are “Pakistana”, “Amnesia” and “Gorilla”, because of their potency and affordability. Market sources say that Critical sells for 2,500 dirhams per kilo ($252, 230 euros), while Beldiya goes for up to 10,000 dirhams per kilo.

The high yields of imported hybrid cannabis plants come at a cost however. The strains require heavy fertilization, which can damage the soil. And their insatiable thirst threatens the region’s water supplies, according to the OFDT. Critical grows in the dry summer, requiring heavy irrigation, while Beldiya is planted in winter, depending only on rainfall. Some locals complain that major producers enforce the planting of hybrids even in arid areas.

Read also : Morocco’s Tanger-Med Port Now The Biggest Container Port In Africa And In The Mediterranean

In 2003, 134,000 hectares (330,000 acres) were under cannabis cultivation, falling to 47,500 hectares by 2011 under a large official reconversion programme, according to a 2015 study by the French Monitoring Centre for Drugs and Drug Addiction (OFDT). But modern hybrid strains produce five to 10 kilos (11 to 22 pounds) of hashish per quintal, a traditional unit of weight equivalent to 100 kilos, compared to a single kilo for kif, as local cannabis is known. “The substitution of hybrids for kif might explain why the production of Moroccan hashish has barely decreased,” the study said. Locals say that in Ketama, kif is part of the culture.

Hybrids like Critical are notable also for high levels of THC, marijuana’s main psychoactive chemical. The adoption of hybrids explains the “rapid and significant increase in the average THC content” of seized Moroccan hashish, according to the OFDT. Analysts say that European consumers no longer want hybrid cannabis on account of its high THC levels. Traditional Moroccan cannabis remains highly coveted, particularly by advocates of legalisation. Cannabis decriminalization they say remains controversial in the conservative country as proposals to legalise it have so far met fierce political opposition.

Read also : Egypt’s Ecommerce Startup MaxAB Raises $6.2 million in Egypt’s Largest Ever Seed Round

That explains why producing it and smoking it are tolerated by the authorities and its cultivation provides a livelihood for 90,000 to 140,000 people in an otherwise deprived region known for its poor soil. People in the area say that it was mostly traffickers or intermediaries who bought the cannabis harvest for smuggling to Europe or other Moroccan towns.

One of the reasons the production of cannabis is in the upswing in some parts of Morocco is because job prospects are rare and there is high rate of youth unemployment so young people do whatever that pay for their keeps, says a community leader in the area.

 

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry.

Basketball Africa League announces seven host cities for Inaugural Season

Basketball Africa League

The Basketball Africa League (BAL) today announced Cairo (Egypt), Dakar (Senegal), Lagos (Nigeria), Luanda (Angola), Rabat (Morocco) and either Monastir or Tunis (Tunisia) as the host cities where the inaugural BAL regular season will take place and Kigali (Rwanda) as the host city for the first-ever BAL Final Four and BAL Final.

Additionally, the BAL announced NIKE and Jordan Brand will be the exclusive outfitter of the new professional league featuring 12 club teams from across Africa and scheduled to begin to play in March 2020.

The announcements were made by BAL President Amadou Gallo Fall during a reception at the Musée des Civilisations Noires in Dakar in the presence of FIBA Secretary General Andreas Zagklis, FIBA Africa Executive Director Alphonse Bilé, NBA Commissioner Adam Silver and NBA Deputy Commissioner Mark Tatum, along with current and former NBA and WNBA players.

Basketball Africa League

“Today’s announcements mark another important milestone as we head into what will be a historic first season for the Basketball Africa League,” said Fall. “We now have seven great host cities where we will play and our first partnership with a world-class outfitter. We thank our first partners NIKE and Jordan Brand for supporting us on this journey and ensuring our teams have the best uniforms and on-court products.”

Beginning in March 2020, the six cities will host a regular-season that will feature 12 teams divided into two conferences, with each conference playing in three cities. The regular season will see the 12 teams play five games each for a total of 30 games, with the top three teams in each conference qualifying for the playoffs. The six playoff teams – the “Super 6” – will play in a round-robin format to determine the four teams that will advance to the BAL Final Four and BAL Final in Kigali, Rwanda in late spring 2020. The BAL Final Four and BAL Final will be single-elimination games.

NIKE and Jordan Brand will outfit the league’s 12 teams with official game uniforms, warmup apparel, socks and practice gear, with six teams featured in NIKE and the other six teams in Jordan Brand. The collaboration with NIKE and Jordan Brand marks the BAL’s first partnership.

The announcement about the NBA and FIBA’s launch of the BAL, which would mark the NBA’s first collaboration to operate a league outside of North America, was made at the NBA All-Star 2019 Africa Luncheon in Charlotte, North Carolina on Saturday, Feb. 16.

The NBA and FIBA also plan to dedicate financial support and resources toward the continued development of Africa’s basketball ecosystem, including training for players, coaches and referees, and infrastructure investment.

Additional details about the BAL will be announced at a later date.

 

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry.

Facebook: https://web.facebook.com/Afrikanheroes/

This Morocco-Based Accelerator Is Looking For Startups To Invest In

Hseven startups

For African startups looking for funding, this is a huge opportunity that does not come often. Hseven, Africa’s largest accelerator is launching Hseven Disrupt Africa, an ambitious startup acceleration program designed for entrepreneurs of the Moroccan and African diaspora.

Hseven startups
 

The 6-month program will provide a seed investment of €150,000 plus an eventual investment of €500,000 to €1.5 million.

A Look At The Funding 

  • Hseven Disrupt Africa is designed to support exceptional entrepreneurs building high-impact startups and targets 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 will start with a global call for applications, followed by an international selection roadshow in New York, Montréal, San Francisco, Shanghai, Dubaï, Londres, Amsterdam, Paris, Casablanca.

HSEVEN@HSevenAfrica

Let’s build your startup together! Join the largest accelerator in Africa for a 3+3 months program and access to a 150.000€ investment, +350 world-class mentors, 50 VCs and a solid network of renowned partners!

Apply now: http://bit.ly/HSevenTW #Startup #Accelerator #Africa

 

  • 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. The program will also benefit from the funding of 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 our partners Azur Partners, Fabernovel, Strategy&, PricewaterhouseCoopers (PwC), l’École Centrale, Amazon Web Services and the top 50 Venture Capital firms interested by Africa. They will also benefit from tailored mentoring with +350 Moroccan and international mentors.

Read Also: This Moroccan Investor Is Looking To Invest Over $250k In Startups From Around World

The selected startups will be located at HSEVEN’s 12,000 ft² campus in the heart of the Marina of Casablanca. 

The call for applications is now open and 10 startups will be selected to take part in the program.

“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.

Click here for more details and application closes on 31st August 2019.

 

 

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based Lawyer with special focus on Business Law, Intellectual Property Rights, Entertainment and Technology Law. He is also an award-winning writer. Working for notable organizations so far has exposed him to some of industry best practices in business, finance strategies, law, dispute resolution, and data analytics both in Nigeria and across the world.

Facebook: https://web.facebook.com/Afrikanheroes/

Morocco having ongoing discussions with AfDB on implementing “Desert to Power”

Morocco

The African Development Bank is seeking Morocco’s support for the implementation of the “Desert to Power” programme. An initiative that will provide solar energy to 250 million people in the Sahel.

“Morocco has become a key player in the economic integration of the African continent”. It is with this in mind that Akinwumi Adesina, President of the African Development Bank, expressed his desire to collaborate with the Cherifian Kingdom in the implementation of the “Desert to Power” programme. It was on the sidelines of the 4th Annual General Meeting of Shareholders of the Pan-African Investment Platform Africa50, which ended on Wednesday, July 10, 2019, in Kigali, the capital of Rwanda.

The collaboration would allow Morocco to put its experience in the green energy sector at the service of the African continent. The “Desert to Power” operation would lead to the establishment of a “New deal for energy in Africa”. This AfDB programme, launched in 2017, aims to achieve universal access to energy throughout the continent by 2025. In particular, it will result in the installation of 10 GW of electricity from green energy.

Morocco
 

As Akinwumi Adésina also pointed out, several projects are in the pipeline between Morocco and the AfDB, mainly in the infrastructure, governance and financial market integration domains. In 2016, Morocco inaugurated the Ouarzazate power plant located in the middle of the desert.

At the time, it was the largest solar power plant in the world. The country’s commitment to promoting wind and solar energy are key factors that have convinced the AfDB to turn to it to help it implement the “Desert to Power” project. A letter of intent to cooperate had already been signed to this effect on the 7th of November 2018 between the AfDB and the Moroccan Agency for Sustainable Energy (Masen).

The desert becomes an opportunity

The AfDB, through the “Desert to Power” programme, would like to use the solar potential of the Sahel countries to increase electricity production. AfDB estimates show that 64% of the Sahel population is without electricity. Yet the continent is twice as sunny as Europe. With the implementation of this initiative, more than 90 million Africans would have access to electricity for the first time ever. The “Desert to Power” project seems to be timely, at a moment when the energy deficit is estimated to cost between 2 to 4% of Africa’s annual GDP.

 

 

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry.

Facebook: https://web.facebook.com/Afrikanheroes/

This Moroccan Investor Is Looking To Invest Over $250k In Startups From Around World

Moroccan startups

Newly launched zero-equity Moroccan Impulse Accelerator is looking to offer tech startups that pitch at its demo day a share of $250 000 in cash prizes.

Moroccan startups
 

 Impulse Accelerator At A Glance

  • The accelerator is located in El Kelaa of Sraghna, about 100km from Marrakesh, Western Morocco. 
  • The accelerator was launched last month by University Mohammed VI Polytechnique (UM6P) in partnership with the OCP Group and its subsidiary OCP Africa.
  • The accelerator’s 12-week program was designed by global accelerator organization MassChallenge.
  • The program is aimed at startups in the agritech, biotech, mining tech, materials science and nanoengineering verticals that have a proof of concept or a minimum viable product (MVP).

How To Obtain The Funding

Interested persons desirous of participating in the program can do so by applying to through the investor’s online portal.

  • Applications for the accelerator program opened last week and will close on 1 October.
  • Startups from around the world are eligible to enter

What The Startups Stand To Benefit

  • In a statement on the Moroccan Impulse Accelerators’ website last month, UM6P  successful startups stand to benefit from access to financing through a set of national and international investment funds and business angels.
  • Startups that take part in the program will also have access to UM6P’s infrastructure and laboratories, study trips to Boston in the US and Lausanne, Switzerland, as well as a 430m² co-working space.
  • In addition, the startups will also benefit from mentorship and coaching from OCP experts UM6P professors and doctoral students, as well as mentors of the MassChallenge network.
  • Additional benefits include access to business opportunities via OCP Group, OCP Africa and UM6P networks.

OCP Group and Mohammed VI Polytechnic University will help successful companies obtain visas for the duration of the programme.

See Also: Founders Factory Africa and Netcare Are Looking For African Health-tech Startups To Invest In

Timeline Of Events

  • Between now and September, the accelerator will hold an Africa roadshow during which it will hold information sessions in Ethiopia, Ivory Coast, and Nigeria.
  • Thereafter startups selected to join the accelerator will be announced in November, with the accelerator set to start on 15 January.
  • Impulse Accelerator will hold its US and Switzerland boot camps in March next year, with a demo day and awards ceremony set to take place in April.

 

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based Lawyer with special focus on Business Law, Intellectual Property Rights, Entertainment and Technology Law. He is also an award-winning writer. Working for notable organizations so far has exposed him to some of industry best practices in business, finance strategies, law, dispute resolution, and data analytics both in Nigeria and across the world.

Facebook: https://web.facebook.com/Afrikanheroes/