AfriLabs, the premier network of tech and innovation hubs in Africa, and UM6P Ventures, dedicated to promoting entrepreneurship and scientific innovation in Morocco and Africa, have formalized their collaboration through a memorandum of understanding (MOU). Signed during the GITEX Africa event in Marrakech, Morocco from May 29th to 31st, this partnership will last for a year, with a focus on fostering economic growth and innovation continent-wide.
- Startups Support: The collaboration will offer mentorship, resources, and access to AfriLabs’ extensive network of over 450 tech innovation hubs across 53 African countries, benefiting startups within UM6P’s ecosystem.
- Investment Opportunities: UM6P Ventures will gain access to AfriLabs Connect Deal Room (ACDR), facilitating investment opportunities by presenting a pipeline of de-risked and investible startups.
- Co-Innovation Projects: Joint endeavors will harness UM6P’s research and development capabilities alongside AfriLabs’ entrepreneurial ecosystem to tackle local and regional challenges.
- Educational Programs: Exploring UM6P courses tailored for AfriLabs Academy to enrich educational offerings and skill development for the community.
Mayssa Mrabet, Director of Community at AfriLabs, expressed excitement about the partnership, seeing it as a means to drive innovation and entrepreneurship in Africa.
Yassine Laghzioui, CEO of UM6P Ventures, highlighted their commitment to fostering innovation and entrepreneurship across the continent. He emphasized the joint effort’s potential to address distinct challenges faced by African communities, ultimately contributing to sustainable development and economic growth.
This collaboration seeks to bolster the African startup ecosystem by leveraging the infrastructure, expertise, and talent of both organizations. By nurturing co-innovation and entrepreneurship, AfriLabs and UM6P Ventures aim to address challenges faced by African communities, thus promoting sustainable development and economic growth across the continent.
