HSEVEN in search of startups creating the Africa of tomorrow

HSEVEN is a startup accelerator in Africa. It aims to maximize the opportunities for entrepreneurs to create world-class African startups.

HSEVEN explains how, today and in a world in the midst of the 4th technological and industrial revolution, the Covid-19 pandemic has exponentially accelerated this transformation: ”This crisis will be the tipping point for a New Economy that is more human, more resilient, more inclusive, more respectful of the environment and resolutely more technological”.

And to continue that all over the world, startups are already implementing concrete solutions to deal with the problems encountered during the crisis, not only to restart the economy, but also to reinvent the world.

It is in this logic that HSEVEN, leader in the acceleration of startups in Africa, is today launching “Rise-Up”, “Re-Start” and “Disrupt”, three incubation and acceleration programs for carriers of ideas, innovative projects or high-impact startups for Morocco and Africa.

It is in this logic that HSEVEN, leader in the acceleration of startups in Africa, is today launching “Rise-Up”, “Re-Start” and “Disrupt”, three incubation and acceleration programs for carriers of ideas, innovative projects or high-impact startups for Morocco and Africa.
Amine Al Hazzaz, President and Founder of HSEVEN, would like to point out that it is time for the driving forces of Morocco and Africa to focus on new local solutions in the sectors of the future: ”SharedEconomy, MedTech, EdTech, AgriTech, GreenTech, FinTech inclusive, and GovTech. These 3 programs are perfectly in line with this dynamic. They are destined to play an important role in reviving and reinventing the economy of our country and the Continent,” he emphasizes.
In concrete terms, lasting 6 months, the “Rise-up”, “Re-start” and “Disrupt” programs are aimed at teams of two or more entrepreneurs. They present innovative or disruptive services, products and business models with large-scale potential and impact in Africa and around the world.

The selected entrepreneurs will thus have access to a unique financing offer in Morocco, namely grants of MAD 200,000 for “Rise-up”, honorary loans of MAD 500,000 for “Re-Start”, then medium-term loans for amounts between MAD 1.5 and 15 million without personal guarantee, and with the possibility of deferring repayment for up to 36 months.
Start-ups in a more advanced “early-stage” phase will be able to benefit from an investment of €150,000 under the “Disrupt” program, for an equity stake of 5% to 7% in their capital and then an investment possibility of more than €500,000 at the end of the acceleration program.

The programmes will be financed by the Fonds Innov-Invest of the Caisse Centrale de Garantie (CCG) with the support of the World Bank, and the Dutch Good Growth Fund (DGGF) – Triple Jump. These unique financing and investment formulas are the result of the various partnerships established by HSEVEN with the Banque Centrale Populaire, Upline Alternative Investissements and Azur Partners.
“Through “Rise-Up”, “Re-Start” and “Disrupt”, HSEVEN aims to reveal and support entrepreneurs and startups that will invent the Africa of the future” adds Mr. Al Hazzaz.

The programmes will be financed by the Fonds Innov-Invest of the Caisse Centrale de Garantie (CCG) with the support of the World Bank, and the Dutch Good Growth Fund (DGGF) – Triple Jump. These unique financing and investment formulas are the result of the various partnerships established by HSEVEN with the Banque Centrale Populaire, Upline Alternative Investissements and Azur Partners.
“Through “Rise-Up”, “Re-Start” and “Disrupt”, HSEVEN aims to reveal and support entrepreneurs and startups that will invent the Africa of the future” adds Mr. Al Hazzaz.
The call for applications is open from 27 May to 30 June 2020 via the platform: http://www.hseven.co. The selection of the successful candidates will be made by the HSEVEN team accompanied by members of its community of mentors and experienced entrepreneurs.
In addition to financing, the selected startups will benefit from strategic advice, expertise and access to HSEVEN’s networks via renowned partners such as Banque Centrale Populaire, Fabernovel, Strategy&, PricewaterhouseCoopers (PwC), Amazon Web Services and École Centrale.

Entrepreneurs selected under the “Rise-up” and “Re-Start” incubation programs will benefit from 7 Design sprints, 12 Workshops, 24 customized mentoring sessions, 24 weekly working sessions with the HSEVEN team, and from $8,680 to $15,680 of Amazon Web Services solutions.
Startups selected under the Disrupt Acceleration Program will benefit from 15 Workshops, 15 customized mentoring sessions, 15 weekly working sessions with the HSEVEN team, $100,000 in Amazon Web Services solutions, and exposure to leading national and international companies to co-develop, partner, or sell.
HSEVEN will also make available to entrepreneurs its network of over 350 mentors, influential leaders and that of its partners in order to facilitate their access to markets with the largest national and international companies, and to more financing through the 50 venture capital firms interested in Moroccan and African startups.
Throughout the programme, entrepreneurs will have access to the modern and innovative 1100 m2 HSEVEN campus in the heart of the Casablanca Marina.

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