HSEVEN, a Morrocan startup accelerator, which recently unveiled 3 programs for African founders, has opened applications for its Disrupt Africa Accelerator program 2020.
For six months, HSEVEN the Disrupt Africa Accelerator program will start with an intense 3-month growth phase focused on the selected startups’ strategy, experiments, and growth tactics.
The second 3-months will be crucial to develop key partnerships with major corporations and in preparing for fundraising and investors meeting.
After the close of applications on June 27th, 2020, and the screening of entries, 20 high potential startups will be invited to participate in a bootcamp in Casablanca. Then, 10 startups will be selected to start our acceleration program.
Benefits
01 – Program: An intense 6-month program designed to support entrepreneurs take their startups to the next level
02 – Mentoring: 15 mentoring sessions per Startup with our +350 Moroccan and international mentors (Serial Entrepreneurs, CEOs, Investors, Experts)
03 – Space: 6 months of residence in the biggest accelerator in Africa. A modern and innovative campus of 1100 m2 in the heart of the Casablanca Marina
04 – Technology: Up to $100,000 Amazon Web Services solutions credit
05 – Investment: 150,000€ per startup for 5 to 7% equity at the start of the program and follow-on Investment: 500,000€ to 1,500,000€ at the end of the program
06 – Global connections: Access to a global network of influential leaders who will help you build relationships and partnerships
07 – Fundraising: 7 one-to-one meetings with the 50 international Africanophile Venture-Capitalist from our network
08 – Expertise: Masterclasses & Workshops with practitioners, technologists, experts from our partners
09 – Access to corporations: Connections to the leading national & international corporates to co-develop, partner or sale
10 – Demo Day: A day to celebrate your achievements during the program with over 100 investors, corporates, mentors and journalists
Eligibility
To access funding, the startup must be legally registered with the Moroccan Commercial Register. If it is not the case, the startup will have to make the step before the beginning of the program.
-The startup has an innovative character.
-The startup has the potential to reach over 100 million African citizens or generate a turnover of more than € 100 million in the long term.
-The partners/shareholders must hold significant shares in the company:
i.) In the case of an LLC: at least two partners must each have a share strictly greater than 25% of the share capital.
ii.) In the case of an SA: at least two shareholders must each have voting rights strictly greater than 33.34% of all the shares carrying voting rights in the share capital.
-The partners are not the subject of any litigation or litigation in progress with a banking establishment or similar.
