Hashgraph signs blockchain ecosystem deal with Morocco
Hashgraph signs blockchain ecosystem deal with Morocco
THA-ADD signing follows venture studio deals with Qatar and Saudi Arabia
#Morocco #startups - Swiss-based startup ecosystem The Hashgraph Association (THA) signed a partnership agreement with Morocco's Digital Development Agency (ADD) during GITEX Africa yesterday. The two organisations will work together to foster growth of blockchain technology in Morocco, to include train governmental entities and public sector employees on distributed ledger technologies, expert advice, investment and mentoring to the country’s entrepreneurial ecosystem.
SO WHAT? - The ADD deal is the third venture ecosystem deal made with an Arab government by The Hashgraph Association this year. In January, THA signed a partnership with the Ministry of Investment of Saudi Arabia (MISA) to launch a DeepTech Venture Studio in Riyadh, worth $250 million over the next five years, focusing on artificial intelligence and Web3. Then earlier this month, the association signed a partnership with the Qatar Financial Centre (QFC) to launch a Digital Assets Venture Studio, supporting local and global companies in the development of regulatory-compliant decentralized finance (DeFi) solutions and digital assets built on the Hedera Distributed Ledger Technology (DLT) network.
The Hashgraph Association (THA) signed three strategic partnership agreements in Morocco during GITEX AFRICA.
The Hashgraph Association (THA) signed a partnership agreement with Morocco's Digital Development Agency (ADD) during GITEX Africa.
THA also signed a strategic agreement with INNOVX, the innovation engine of UM6P - Mohammed VI Polytechnic University, which develops new ventures via funding, incubation and acceleration, and business development support.
The partnership with INNOVX is focused on sustainability, leveraging the Hedera-powered "Sustainability Venture Studio (THE GREEN BLOCK)", to contribute towards achieving zero-carbon emissions and making a positive environmental, social, and governance (ESG) impact.
Finally, The Hashgraph Association signed an agreement with Moroccan venture capital firm, UM6P Ventures - the investment arm of the UM6P - Mohammed VI Polytechnic University, whose mission is to develop entrepreneurship and accelerate scientific innovation in Morocco and across Africa.
Under the agreement, UM6P Ventures agreement will become an academic partner of THA in Africa as well as a co-investor in innovative companies under THA's DeepTech Venture Studio.
Updated 4-Jun-24
🎧 Listen to the podcast of Middle East AI News LIVE on Thursday 6th June, when I talked to Andrew Forson, Head of Ventures and Investments at The Hashgraph Association.
Read more about The Hashgraph Association:
Hashgraph to launch Saudi DeepTech Venture Studio (Middle East AI News)