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Businesswire
HSEVEN Accelerate World-Class African Startups
July 16, 2019
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.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190715005770/en/
HSEVEN team (Photo: AETOSWire)
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.
About HSEVEN:
HSEVEN is the biggest Startups accelerator in Africa with a 12,000 ft² campus and an acceleration capacity of 200 startups a year. HSEVEN is building one of the strongest ecosystems on the African continent today to maximize entrepreneurs' opportunities and create world-class African startups with the ambition to:
“Accelerate the Startups that will impact Morocco and Africa’s future.”
*Source: AETOSWire
View source version on businesswire.com: https://www.businesswire.com/news/home/20190715005770/en/
Source: Businesswire
