The third promotion of the 212Founders program is now launched. Initiated by CDG Invest, the investment arm of the Caisse de Dépôt et de Gestion (CDG) Group, the program offers high-level support delivered by renowned entrepreneurs and mentors, with funding of up to 3M MAD in Priming and 10M MAD in Serie A.
212Founders aims to bring out world-class startups from Morocco. Whether they are experienced entrepreneurs, experienced employees or young graduates wishing to embark on entrepreneurship, the program is open to all high-potential entrepreneurs with at least an MVP (minimum viable product).
Since its launch in September 2019, the 212Founders program has supported 45 startups through two promotions.
Open to entrepreneurs of all nationalities with a link with Morocco (Moroccan founder, operational base in Morocco or operating on the Moroccan market), without restriction of sectors, 212Founders favors teams with complementary profiles and capable of carrying out a project in connection with their area of expertise.
The selected start-ups must also have an MVP (Minimum Viable Product) and display an international ambition, while demonstrating the innovative nature of their project.
Tailor-made support and entrepreneur-friendly financing system
Like the first promotions, the new cohort of startups will benefit from support at each stage of the journey.
Indeed, the projects selected by 212Founders will benefit from a comprehensive support and funding program that meets the highest international standards. An entrepreneur-friendly financing mechanism has been put in place for this purpose. *
It comes in two phases, a seed phase, called Seed, where each start-up can benefit from an envelope of up to 3 million dirhams, followed by the Series A phase which represents the growth phase of start-ups. -ups.
To support selected start-ups, this program has provided for a mentoring system carried by experienced entrepreneurs and sector experts.
As a reminder, 212Founders has supported to date two promotions of startups operating in various sectors of activity such as mobility, education, logistics, Market-places, hotels, tourism, SaaS (software as a service) , etc.
The quality of the program was also rewarded by the Baobab Insights report which ranks it in the top 3 of Seed investors in Africa during the second quarter of 2020.
For this 3rd edition, the submission deadline has been set for June 04, 2021.
