The Mohammed VI Polytechnic University (UM6P) and Open Startup International (OSTI) have set the stage for a new era of innovation in Africa with the signing of a Memorandum of Understanding (MoU) at the Deep Tech Summit in Benguerir, Morocco. This landmark agreement brings together two powerhouses – UM6P, a leading Moroccan research university, and OSTI, a global organization dedicated to supporting startups – in a strategic partnership aimed at fostering deep tech innovation across the continent.
Deep tech, encompassing cutting-edge fields like artificial intelligence, robotics, and biotechnology, holds immense promise for addressing Africa’s most pressing challenges. From improving healthcare delivery to revolutionizing agriculture and sustainable energy solutions, deep tech innovation has the potential to drive significant socio-economic development across the continent.
The collaboration between UM6P and OSTI is strategically positioned to leverage the unique strengths of both institutions. UM6P, with its track record of excellence in research and innovation, provides a fertile ground for nurturing deep tech talent and fostering a vibrant entrepreneurial ecosystem. On the other hand, OSTI brings to the table its global network, expertise in supporting startups throughout their lifecycle, and established programs aimed at catalyzing innovation.
The MoU signed between UM6P and OSTI signifies a shared commitment to building a robust network that propels Africa’s deep tech sector forward. By combining UM6P’s academic expertise and resources with OSTI’s global reach and proven track record in supporting startups, the partnership aims to empower African entrepreneurs and bridge the gap between ideation and market success.
Concrete actions are already underway to translate this partnership into tangible outcomes. As part of OSTI’s flagship event, “Global Immersion Week,” UM6P’s Stargate startup campus will host a week-long program designed to provide startups with the support and resources they need to accelerate their growth and scale their ventures. This initiative underscores the commitment of both institutions to providing practical support to deep tech startups and helping them navigate the critical stages of development.
In a statement to Morocco World News (MWN), Yassine Laghzioui, CEO of Entrepreneurship and Venturing at UM6P, emphasized the importance of collaboration in driving deep tech innovation in Africa. “This partnership creates a platform for all stakeholders to propel Deep Tech in Africa,” he said. “With OSTI, we’ll offer acceleration programs, support for startups, and connect investors seeking African Deep Tech ventures.” This sentiment was echoed by Houda Ghozzi, founder of OSTI, who highlighted the potential for collaboration to extend beyond Morocco’s borders and foster knowledge exchange and opportunities across the continent.
The UM6P-OSTI partnership represents a significant step towards building a more robust deep tech ecosystem in Africa. By fostering collaboration, knowledge sharing, and targeted support for startups, this initiative has the potential to unlock the continent’s immense potential for innovation and drive sustainable development.
But the impact of this partnership extends beyond just supporting startups. It aims to create a comprehensive support system that addresses the diverse needs of entrepreneurs at every stage of their journey. From incubation programs for early-stage ventures to mentorship opportunities with experienced entrepreneurs and workshops on securing investment, the initiative seeks to provide startups with the tools and resources they need to succeed.
Central to the success of this initiative will be the fostering of connections between investors and promising deep tech startups. By facilitating meaningful engagement between investors and entrepreneurs, the partnership aims to bridge the funding gap that often hinders innovation in Africa and create a conducive environment for investment in deep tech ventures.
Ultimately, the UM6P-OSTI partnership has the potential to unlock Africa’s potential to become a global leader in deep tech innovation. By encouraging collaboration, fostering talent, and providing targeted support to startups, this initiative lays the foundation for a brighter future for the continent and its people. As Africa continues to harness the power of deep tech innovation, it will not only address its most pressing challenges but also emerge as a key player in the global innovation landscape.