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AfriLabs, the largest network of technology and innovation hubs across Africa, and UM6P Ventures, that aims to advance entrepreneurship and accelerate scientific innovation in Morocco and Africa, announced the signing of a memorandum of understanding (MOU).
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This synergy ambitions to empower startups within the UM6P ecosystem, foster co-innovation projects, and propel Africa’s innovation landscape forward.
The signing ceremony was held at the GITEX Africa event, which took place in Marrakech, Morocco from May 29th to 31st. This marks the beginning of a one-year collaboration that aligns with each organization’s mission to stimulate economic growth and foster innovation across the continent.
Through this MOU, AfriLabs, and UM6P Ventures will collaborate on several key initiatives aimed at advancing scientific innovation and entrepreneurship in Africa. They will provide comprehensive support for startups within the UM6P ecosystem, including mentorship, resources, and access to AfriLabs’ extensive network of over 450 technology innovation hubs across 53 African countries.
Additionally, the AfriLabs Connect Deal Room (ACDR) initiative will open up a pipeline of de-risked and investible startups within the AfriLabs network to UM6P Ventures, facilitating further investment opportunities. Through this collaboration, UM6P Ventures will leverage UM6P’s infrastructure, expertise, and talent to strengthen the African startup ecosystem.
The collaboration will also engage in co-innovation projects that address local and regional challenges, leveraging UM6P’s research and development capabilities alongside AfriLabs‘ entrepreneurial ecosystem. Furthermore, they will explore the potential launch of UM6P courses tailored for the AfriLabs Academy audience, enhancing educational offerings and skill development across the continent.
On this occasion, Mayssa Mrabet, Director of Community at AfriLabs reflected on this initiative saying : “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, stated: “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.”
