Posts

HSEVEN Launches Africa Startup Acceleration Program, With Up To €1.5 Million Investment Per Business

HSEVEN, Africa’s largest accelerator is launching “HSEVEN DISRUPT AFRICA”, an ambitious startup acceleration program designed for entrepreneurs of the Moroccan and African diaspora.

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

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.

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 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. For more information, visit: www.hseven.co

The 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.

To read more about HSEVEN, click here. For applications for the startup program, click here.

 

For information as to how Relocation Africa can help you with your Mobility, Immigration, Research, Remuneration, and Expat Tax needs, email marketing@relocationafrica.com, or call us on +27 21 763 4240.

Sources: [1], [2]. Image sources: [1], [2].

Applications Now Open for Orange Social Venture Prize in Africa

Applications have opened for the ninth edition of the annual Orange Social Venture Prize in Africa and the Middle East, which rewards innovative projects that improve people’s living conditions.

Applications are open until May 30, with Orange looking for tech-based social projects in fields such as education, healthcare, farming, mobile payments and sustainable development.

Three winners will receive EUR25,000 (US$30,500), EUR15,000 (US$18,000) and EUR10,000 (US$12,000) respectively, as well as six months of personalized support from startup creation and financing professionals.

The Orange Social Venture Prize is open to all students, employees and entrepreneurs over the of age 21 whose initiative is under three years old and serves any of Morocco, Tunisia, Egypt, Senegal, Botswana, Liberia, Ivory Coast, Cameroon, Mali, Guinea Conakry, Guinea Bissau, Madagascar, Niger, Central African Republic, Democratic Republic of Congo, Jordan, Burkina Faso, and Sierra Leone.

The contest aims to reward the best innovative and socially responsible business projects in Africa and the Middle East. This 9th edition unfolds in two phases: first the candidates participate to a national competition, then an international jury gives a grand prize to the best national winners. At both the national and international step, the viewers of this site can vote to add a name to the jury shortlist.

For more details about the contest, click here. To enter click here.

 

For information as to how Relocation Africa can help you with your Mobility, Immigration, Research, Remuneration, and Expat Tax needs, email marketing@relocationafrica.com, or call us on +27 21 763 4240.

Sources: [1], [2]. Image sources: [1], [2].