SB3S Launches Project Call to Fund 10 Startups in Innovative Venture Program

Friday 26 April 2024 - 15:50

SB3S Seed to Scale Studio has launched its much-anticipated "3rd ACT" program, inviting submissions for a groundbreaking initiative that will support and fund 10 innovative startups in their journey toward investment.

SB3S is one of 12 organizations accredited by Tamwilcom under the Innov Invest fund and has become a leading Moroccan entity dedicated to supporting entrepreneurs and fostering innovation. As a 100% Moroccan venture studio, SB3S focuses on pre-acceleration, acceleration, and post-investment support, not only in Morocco but also across Africa.

Operating as a venture studio, SB3S brings together a wide array of expertise, including strategic consultants, seasoned entrepreneurs, and specialists in technology, digital, data, legal, finance, and marketing. This integrated model allows SB3S to cultivate a new generation of Moroccan entrepreneurs and provides support throughout their journey, from inception to post-investment.

On Monday, April 22, 2024, in Casablanca, SB3S unveiled its "3rd ACT" program, a comprehensive support and financing initiative designed for startups in the pre-acceleration phase. The program is exclusively available to startups with innovative projects that demonstrate significant growth potential and are ready to begin shaping their "Equity Story."

The "3rd ACT" program offers three key benefits: access to top talent and expertise, access to an interest-free loan from Tamwilcom of up to 750,000 Moroccan dirhams, and structured preparation for the first round of funding with local and international venture capital firms partnered with SB3S.

In collaboration with its partner Inskip and the teams at Tamwilcom, SB3S has opened its project call, running from April 22 to May 23, 2024. Interested startups can apply via www.sb3s.com.

On June 3, 2024, 20 shortlisted startups will pitch their business ideas to an expert committee. The final 10 startups selected for the inaugural cohort of the "3rd ACT" program will be announced on June 10, 2024.

This initiative aims to ignite the entrepreneurial spirit in Morocco, driving the most promising startups toward new heights of growth and success in the ever-changing business landscape. With this program, SB3S is set to play a pivotal role in advancing Morocco's entrepreneurial ecosystem and supporting the next generation of business leaders.