AfriLabs, the largest network of technology and innovation hubs across Africa, and UM6P Ventures, dedicated to advancing entrepreneurship and scientific innovation in Morocco and Africa, have signed a memorandum of understanding (MOU) to foster co-innovation and support startups within the UM6P ecosystem.
Key Highlights of the Collaboration
Signing Ceremony and Duration:
– The MOU was signed during the GITEX Africa event held in Marrakech, Morocco from May 29th to 31st.
– This collaboration will span one year, focusing on stimulating economic growth and innovation across the continent.
Objectives and Initiatives:
– Startup Support: The partnership will provide mentorship, resources, and access to AfriLabs’ network of over 450 technology innovation hubs across 53 African countries, supporting startups within the UM6P ecosystem.
– Investment Opportunities: The AfriLabs Connect Deal Room (ACDR) initiative will offer a pipeline of de-risked and investible startups to UM6P Ventures, facilitating investment opportunities.
– Co-Innovation Projects: Joint projects will leverage UM6P’s research and development capabilities alongside AfriLabs’ entrepreneurial ecosystem to address local and regional challenges.
– Educational Programs: Potential UM6P courses tailored for the AfriLabs Academy audience will be explored to enhance educational offerings and skill development.
Statements from Leaders
Mayssa Mrabet, Director of Community at AfriLabs:
“We are thrilled to partner with UM6P and UM6P Ventures to drive innovation and entrepreneurship in Africa. This collaboration aligns with our vision of building a vibrant community around tech hubs and stimulating economic growth through digital innovation.”
Yassine Laghzioui, CEO of UM6P Ventures:
“This partnership underscores UM6P Ventures’ dedication to driving innovation and entrepreneurship across the continent. By combining our resources and expertise, we are poised to significantly impact the African startup ecosystem. Together, we aim to tackle the distinct challenges faced by our communities, contributing to sustainable development and economic growth in Africa through innovative solutions.”
Impact and Future Prospects
This strategic partnership aims to strengthen the African startup ecosystem by leveraging the infrastructure, expertise, and talent from both organizations. By fostering co-innovation and supporting entrepreneurship, AfriLabs and UM6P Ventures are set to make significant strides in addressing the challenges faced by African communities, ultimately contributing to the continent’s sustainable development and economic growth.
