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Morocco’s UM6P Ventures launches startup residency

Modupeoluwa Olalere by Modupeoluwa Olalere
January 3, 2025
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Morocco's UM6P Ventures launches startup residency

Morocco's UM6P Ventures launches startup residency

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On December 18, 2024, the Mohammed VI Polytechnic University (UM6P) launched “The Forge,” a startup residency program designed to empower African entrepreneurs. 

This initiative aims to transform innovative ideas into successful businesses while fostering a supportive community.

Read also: Funguo selects 18 Tanzanian startups in for funding, support

A new era for entrepreneurship in morocco

The Forge, hosted at UM6P’s StartGate campus in Benguerir, is backed by UM6P Ventures and the Ibn Rochd Foundation for Science and Innovation.

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Yassine Laghzioui, the Director of Entrepreneurship and Venturing at UM6P and CEO of UM6P Ventures, emphasised its significance: “It is a gateway that connects founders to world-class resources while promoting their local and global impact”.

The program is structured to guide participants through four key phases: Ideation, Incubation, Acceleration, and Scaling. 

Each phase is designed to help founders refine their ideas, develop prototypes, secure funding, and expand their ventures internationally.

Read also: Orange Corners boosts 220 Nigerian startups

Fostering resilience and leadership

The Forge prioritises Moroccan founders but is open to entrepreneurs from across Africa. This inclusive approach creates a vibrant ecosystem addressing local and global challenges. 

Mentorship, advanced technological infrastructure, and access to international networks will benefit participants.

The program’s duration ranges from nine to twelve months, ensuring that entrepreneurs receive comprehensive support tailored to their needs.

Laghzioui expressed hope for the future of African startups: “Our ambition is to lay the foundations for future African unicorns”.

By nurturing talent and providing essential resources, The Forge seeks to position Morocco as a leading hub for innovation in Africa. As the program unfolds, it promises to play a crucial role in shaping the next generation of impactful startups on the continent.

Tags: MoroccoThe ForgeUM6P
Modupeoluwa Olalere

Modupeoluwa Olalere

Modupe is a tech content writer with 3+ years of experience turning complex ideas into clear, engaging stories. She covers innovation, digital trends, and emerging technologies. When she’s not writing, she’s exploring new tools or tracking trends shaping Africa’s tech ecosystem.

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