October 27, 2011
October 27, 2011
The U.S. Department of State and Partners for a New Beginning (PNB) are hosting an Entrepreneurship Delegation to Morocco, Algeria and Tunisia from October 27-November 2, 2011 as part of the U.S. – North Africa Partnership for Economic Opportunity (PNB-NAPEO). The goal of the delegation is to foster and deepen relationships between U.S. investors and entrepreneurs and their local counterparts in emerging markets and showcase local talent in the Maghreb. The highlight of the event will be the selection of three starts ups, one from each Maghreb country, to receive a residency and scholarship prize.
Organized in partnership with PNB-NAPEO local advisory boards in each country and managed by the State Department’s Global Entrepreneurship Program (GEP), the delegation consists of 12 prominent U.S. investors, role-model entrepreneurs, and academic leaders with experience in angel or venture investing and/or track-records as successful entrepreneurs and mentors. Some delegates are members of the Maghreb Diaspora living in the United States. The delegation’s over-arching theme will be “innovation,” defined broadly to include business sectors such as information technology, clean-tech, bio-tech and ag-tech. Many of the delegates will be technology entrepreneurs and investors from Silicon Valley, but also include representation from across the United States, including Detroit, Michigan, home to the largest Arab-American population.
The delegation will participate in pitch sessions and mentoring workshops to promote the most promising entrepreneurs in the Maghreb region. Ten to fifteen promising startups in each Maghreb country will pitch their ideas to the delegation and additional companies and young entrepreneurs will engage in one-on-one mentoring meetings. One winning start-up will be selected by the delegation in each Maghreb country to receive a three-month incubation residency prize and one-semester tuition scholarship to study entrepreneurship in the United States awarded by the Tech Town Incubator and Wayne State University in Detroit. The delegation will also host business angel roundtables and mentoring sessions with local institutions that mentor entrepreneurs themselves. In each country, the delegation will participate in town hall meetings, with youth.
Other highlights of the delegation’s visit include visits to local business incubators in each country, investor dinners hosted by the local entrepreneurs and partners on the PNB-NAPEO Boards, and receptions hosted by U.S. Ambassadors in each country.
Source: US Department of State
Photo by: Afrik-News