2023-09-01 19:00:48
The European Bank for Reconstruction and Development (EBRD) announced on Wednesday August 23 the expansion of its “Star Venture” programme. Currently deployed in the Southern and Eastern Mediterranean (SEMED) regions, including Morocco, as well as in the Western Balkans, Turkey, Bulgaria, Moldova and Romania, the Star Venture program is already supporting more of 350 early-stage companies worldwide. Star Venture has contributed significantly to the growth and success of the five startups that participated in its first cohort. Among them are some of the startups like Pipip Yallah, specializing in carpooling; Deepecho, in the field of artificial intelligence applied to health; and Weego, specializing in sustainable mobility.
In Morocco, as well as in the Western Balkans, Turkey, Bulgaria, Moldova and Romania, the Star Venture program already supports more than 350 early-stage companies around the world. Star Venture has contributed significantly to the growth and success of the five startups that participated in its first cohort. Among them are some of the startups like Pipip Yallah, specializing in carpooling; Deepecho, in the field of artificial intelligence applied to health; and Weego, specializing in sustainable mobility.
Drawing on an international network of mentors, advisors and investors, Star Venture offers personalized support to young companies for 18 months to help them realize their full potential, while supporting accelerators to strengthen the entrepreneurial ecosystem. . The primary objective of the program is to identify promising start-ups with a view to helping them improve their operational efficiency and foster their rapid growth. To achieve this, Star Venture offers a combination of workshops, mentoring and tailored technical assistance to overcome the challenges of their expansion.
In addition, the Star Venture program helps solve one of the major obstacles that startups often face: access to financing. The selected startups will thus be put in contact with a network of international investors having a strategic interest for companies in the start-up phase through a series of pitching events, thus facilitating their fundraising and their expansion.
A jury of experts will meet at an event organized by the EBRD in early October to select the eight startups that will join this second cohort. Selected companies will have the chance to join a group benefiting from an intensive support program, offering international expertise in their respective fields, technical and commercial advice as well as seasoned mentors.
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