More
    HomeEcosystem NewsVenture Capital & Funding SourcesMorocco’s UM6P Ventures Turns to DeepTech Startups for Its Latest Funding Round

    Morocco’s UM6P Ventures Turns to DeepTech Startups for Its Latest Funding Round

    Published on

    spot_img

    UM6P Ventures, the investment fund associated with Mohammed VI Polytechnic University (UM6P), has unveiled its latest move by calling for applications from DeepTech startups, signaling a significant development within Morocco’s entrepreneurial landscape.

    Focusing on sectors like Agriculture, Health, and Greentech, UM6P Ventures is on the lookout for groundbreaking innovations spearheaded by individuals within the Moroccan Diaspora communities. The investment fund’s statement emphasized its commitment to supporting startups demonstrating substantial growth potential and technological advancement.

    According to UM6P Ventures, successful applicants will gain access to strategic investments, international expertise, and industrial partnerships. Moreover, the selected startups will enjoy privileged access to UM6P Ventures’ extensive ecosystem and partner platforms both locally and internationally.

    The investment fund is particularly interested in startups harnessing disruptive technologies, including artificial intelligence, biotechnology, quantum computing, advanced robotics, and nanotechnology. In addition to financial support, UM6P Ventures pledges to provide tailored capital injections, assistance in talent recruitment, expert consultations, and access to cutting-edge equipment and infrastructure from universities and research centers.

    Yassine Laghzioui, CEO of UM6P Ventures, highlighted the critical role of DeepTech startups in driving change and fostering sustainable development. “By embracing these cutting-edge technologies, we aim to stimulate sustainable development, foster economic growth, and position Africa as a key player in shaping the future of technological innovation,” he remarked.

    UM6P Ventures boasts a portfolio of 27 startups across Morocco, Africa, and beyond, with 14 of them focusing on DeepTech solutions and the remaining 13 operating in digital transformation.

    Startups meeting the eligibility criteria are urged to submit their applications online before May 10. UM6P Ventures is offering investment tickets ranging from $100k to $500k for pre-seed and seed rounds, in addition to providing business expertise, access to resources, and top-notch laboratory facilities.

    Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard.

    Latest articles

    $500K Up for Grabs: Moroccan Diaspora’s MFounders Targets High-Potential Startups

    The club will focus on startups requiring initial funding between $50,000 and $500,000, addressing a critical need in the funding landscape for early-stage ventures.

    Nigerian Stocks Go Mobile: NGX Invest Opens Stock Market to Everyone

    The platform’s launch is timely, coinciding with the Central Bank of Nigeria’s (CBN) recapitalization directive, which has spurred numerous offers for subscription and rights announcements by Nigerian banks.

    South African Safetech Startup AURA Raises $1.1M Bridge Round to Democratize Safety

    The technology platform enables users to access the nearest vetted private security and medical response units through connected devices.

    Fuzé Investment Series: Togolese Media Startup Makifaa Secures Funding

    Founded in in 2023 by Doris DJAGLO and Jean Pignan, Makifaa’s unique approach blends the creative talents of local photographers with cutting-edge artificial intelligence (AI) to deliver personalized media solutions within an impressive 48-hour timeframe.

    More like this

    $500K Up for Grabs: Moroccan Diaspora’s MFounders Targets High-Potential Startups

    The club will focus on startups requiring initial funding between $50,000 and $500,000, addressing a critical need in the funding landscape for early-stage ventures.

    Nigerian Stocks Go Mobile: NGX Invest Opens Stock Market to Everyone

    The platform’s launch is timely, coinciding with the Central Bank of Nigeria’s (CBN) recapitalization directive, which has spurred numerous offers for subscription and rights announcements by Nigerian banks.

    South African Safetech Startup AURA Raises $1.1M Bridge Round to Democratize Safety

    The technology platform enables users to access the nearest vetted private security and medical response units through connected devices.