U.S. startup Iozera and the Moroccan government have partnered to establish a 386MW Data Center and AI Hub in Tetouan, Morocco. Scheduled for launch on May 8th, 2024, the initiative aims to democratize advanced AI computing globally and will be powered by Morocco’s renewable energy resources.
EZPac, a burgeoning digital printing startup, is set to transform the stand-up pouch market in Morocco with the installation of…
Telenor Velocity and Google have partnered to nurture tech startups in Pakistan through the Google Cloud Startup Competition 2024. This initiative aims to drive innovation in AI, fintech, and other sectors, offering winners a cash prize and networking opportunities, thereby enhancing Pakistan’s tech ecosystem and entrepreneurial landscape.
The third edition of IBDA3 LAB in Morocco, organized by the Friedrich Naumann Foundation, concluded with showcases of innovative startups in various fields, highlighting projects like 3WINATI and DigiBlood.
Safaricom, M-Pesa Africa, and Sumitomo Corporation launch the Spark Accelerator program to support Kenyan start-ups, providing mentorship, funding, and go-to-market strategies to address the challenges of securing funding, market access, and scaling.
Akhdar, the largest Arabic platform for educational content, has joined forces with Value Maker Studio (VMS) to enhance educational outreach and support tech startups in their expansion into the Saudi market. Akhdar offers a wide array of educational materials in Arabic, accessible in under 15 minutes, and is used by over 1.5 million users globally. VMS’s “Bridge Program” is set to aid Egyptian startups to navigate and penetrate the Saudi marketplace with a robust support system, starting January 2024.
Abu Dhabi’s Hub71 has welcomed 23 new startups in its latest cohort, collectively securing over $53 million in funding. These startups will join the Company Building Programme and receive substantial incentives and cash for equity. The surge in applications reflects Abu Dhabi’s growing appeal as an innovation hub. The startups span various sectors, including FinTech and ClimateTech. Some will join Hub71+ Digital Assets, benefiting from a network of partners. Two ClimateTech startups focus on sustainability. Hub71 offers mentorship, support, and a vast network, enhancing startups’ growth prospects in Abu Dhabi’s tech ecosystem.
Awfar.com, a leading e-commerce solutions provider, has joined forces with Value Maker Studio (VMS) to empower Saudi startups. Awfar.com’s expertise in customer engagement and e-commerce complements VMS’s venture studio capabilities. This partnership aims to nurture entrepreneurial talent, simplify market entry, and drive innovation in the Saudi Arabian startup scene. Additionally, VMS is launching a “Bridge Program” in 2024, assisting Egyptian tech startups in expanding into the Saudi market, offering vital resources and connections to investors and mentors.
