HSEVEN Accelerates World-Class African Startups

Casablanca, Morocco, July 16, 2019, (AETOSWire): HSEVEN, Africa’s largest accelerator is launching “HSEVEN DISRUPT AFRICA”, an ambitious startup acceleration programme designed for entrepreneurs of the Moroccan and African diaspora.

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

HSEVEN DISRUPT AFRICA is designed to support exceptional entrepreneursbuilding 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 programme will start with a global call for applications, followed by an international selection roadshowin 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 programme for 5 to 7% equity, then an eventual investment of €500,000 to €1.5 million at the end of the programe.

These investments will be granted through a partnership with the venture capital firm Azur Partners. The programme 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 Servicesand the top 50 Venture Capital firms interested by Africa.

They will also benefit from tailored mentoring with +350 Moroccan and international mentors.

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.

African Eye Report

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