(Ecofin Agency) – In March 2020, a pilot project aimed at developing business creation in universities was initiated in Morocco. The success of this first phase allowed UM6P to join forces with an American program specializing in student entrepreneurship to benefit from its expertise.
The Massachusetts Institute of Technology (MIT) Sandbox Innovation Fund, the fund for financing entrepreneurial ideas initiated by the students of this American university, has joined forces with the Mohammed VI Polytechnic University (UM6P) in Morocco to launch a project of support for entrepreneurial initiatives.
Called UM6P Explorer, the project primarily targets Moroccan students. They will benefit from an entrepreneurship skills development program, developed alongside their initial training.
This program will revolve around the techniques for setting up and managing a start-up. It is also planned to grant start-up financing to project leaders.
“UM6P Explorer was co-built with the MIT Sandbox Innovation Fund, in order to offer our students and researchers complete support, from the ideation to the marketing of their solutions”, said Adnane Alaoui Soulimani, head of start-up incubation programs at UM6P.
And add: “This program is a continuation of our efforts to develop university entrepreneurship in Morocco by offering the opportunity to students and researchers to express their creativity”.
The UM6P Explorer has already made it possible to supervise more than a hundred entrepreneurial initiatives carried out by students from universities and research centers in Morocco. These first training sessions took place as part of a pilot phase which had two sessions, notably in March and November 2020.
This collaboration will allow Morocco to benefit from the American expertise of MIT Sandbox in order to create one of the impact entrepreneurs for the Kingdom and Africa.
Note that the MIT Sandbox was launched 4 years ago. Since then, it has already promoted the creation of nearly 2,000 innovative companies.
In Morocco, entrepreneurship is defined by the authorities as a strategic axis of development. Its interest is due to the fact that it is a solution against unemployment through the jobs it creates.
Vanessa Ngono Atangana