Grace Ashiru
The 12 startups chosen were GroIno, Gokaden, Paramedic, Retco, BlueDove, Deepleaf, PopCard, Matricis.ai, Tinkiet, Exwayz, Entroview, and Qaal.
The startups being incubated are either from Africa or Europe. They were started by Moroccans who want to grow their businesses in Africa and the Middle East by taking advantage of Morocco’s strategic benefits. The French startups will join Station F, the biggest startup center in the world.
The Winter23 promotion will offer a support and funding program to fit each participant’s needs and meet world standards. The startups will get help from teachers and experienced entrepreneurs, up to 7M MAD in Seed funding, and up to 10M MAD in Series A funding.
The goal of this program is to help startups solve different growth problems, both in Morocco and around the world.
Since its start in 2019, 212 Founders has raised 76.3 million dirhams and gotten 14 Seed and Series A financings. CDG Invest started 212Founders to help build and grow Moroccan startups that want to do business worldwide.
The scheme fits the CDG Group’s plan to help people start businesses and grow the Moroccan economy.
The Caisse de Dépôt et de Gestion Group’s investment arm is called CDG Invest. It invests in private equity funds that help the Moroccan economy deal with its most significant problems, such as diversification of production, regionalization, growth of PPPs, entrepreneurship, and sustainable development.
