Startup Accelerator, HSEVEN Launches new Programs for African Entrepreneurs

HSEVEN, the Moroccan startup accelerator which doubles as the largest start up accelerator in Africa has launched three incubation and acceleration programs with the goal of helping African entrepreneurs to build high impact startups.

With the Programs’ theme, “Rise-Up,” “Re-Start,” and “Disrupt” aim to accelerate the transformation of the African economy amid the fourth technological and industrial revolution and the COVID-19 pandemic.

“It is time for entrepreneurs and startups of Morocco and Africa to transform our economies by focusing on new homegrown solutions in key impactful sectors: SharedEconomy, MedTech, EdTech, AgriTech, GreenTech, inclusive FinTech, and GovTech,” said Amine Al-Hazzaz, founder and CEO of HSEVEN.

The “Rise-Up” and “Re-Start” programs will grant the selected entrepreneurs MAD 200,000 (€18,000), as well as a MAD 500,000 forgivable loan (€45,000) and an eventual MAD 1.5 million (€135,000) to MAD 15 million (€1.35 million) non-guaranteed loan.

Do you think the implementation of this program would be done without no favouritism?