500 GLOBAL EXPANDS AFRICA PRESENCE; SELECTED TO ADVANCE DIGITAL MOROCCO 2030 STRATEGY

CASABLANCA, Morocco, Dec 19 (Bernama) -- 500 Global, one of the world’s most active venture capital firms¹, announced it has been selected to support the Ministry-led Startup VB initiative, a flagship program under the Digital Morocco 2030 strategy². This announcement marks a significant milestone in 500 Global’s continued expansion across the African continent and its work collaborating with governments to strengthen national innovation ecosystems.

Launched by the Ministry of Digital Transition and Administrative Reform (Ministry) and deployed by TAMWILCOM, the Startup VB initiative is a flagship program under the Digital Morocco 2030 strategy. Startup VB aims to strengthen Morocco’s innovation and digital competitiveness by accelerating high-potential founders and providing the training and financing pathways needed to launch and scale globally. The Ministry’s goals include enabling the development of innovative and impactful technology solutions, mobilizing founder-led financing, and advancing the country’s digital transformation. As a selected implementation partner, 500 Global is eager to help operationalize these ambitions through founder support, network access, and early-stage capability development, while strengthening Morocco's national innovation systems.