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AfriLabs and UM6P Ventures Partner to Drive Innovation and Support for Startups Across Africa

AfriLabs and UM6P Ventures Partner to Drive Innovation and Support for Startups Across Africa

 


AfriLabs, Africa's largest network of technology and innovation hubs, and UM6P Ventures, which aims to promote entrepreneurship and accelerate scientific innovation in Morocco and Africa, announced the signing of a Memorandum of Understanding (MOU).

This synergy aims to empower start-ups within the UM6P ecosystem, foster collaborative innovation projects and advance Africa’s innovation landscape.

The signing ceremony took place at the GITEX Africa event, held in Marrakech, Morocco from May 29-31. It marks the start of a year-long collaboration that is aligned with each organization's mission to stimulate economic growth and foster innovation across the African continent.

Through this MOU, AfriLabs and UM6P Ventures will collaborate on several key initiatives aimed at promoting scientific innovation and entrepreneurship in Africa.

They will provide comprehensive support to startups in 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, investable 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 Africa’s startup ecosystem.

The collaboration will also leverage UM6P's research and development capabilities and AfriLabs' entrepreneurial ecosystem to work on joint innovation projects that address regional and local challenges.

Additionally, we will also explore the possibility of launching customized UM6P courses for AfriLabs Academy participants to enhance education delivery and skills development across the African continent.

Speaking on the occasion, Mayssa Mrabet, Community Director at AfriLabs reflected on the initiative: “We are delighted to partner with UM6P and UM6P Ventures to drive innovation and entrepreneurship in Africa.

This collaboration is aligned with our vision of building vibrant communities around technology hubs and stimulating economic growth through digital innovation.”

Yassine Laczioui, CEO of UM6P Ventures, said: “This partnership underscores UM6P Ventures' commitment to driving innovation and entrepreneurship across the African continent. By combining our resources and expertise, we are poised to make a significant impact on Africa's startup ecosystem.”

Together, we aim to address the unique challenges facing our communities through innovative solutions, while contributing to sustainable development and economic growth in Africa.

Featured image: UM6P Ventures CEO Yassine Laghzioui (left) and AfriLabs Community Director Meisa Mrabet (right) signing the memorandum of understanding.

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