The Hashgraph Association and Orange, one of the world’s leading telecommunications operators, have partnered to launch the AGV (Accelerator Grand Vitesse) High-Speed Accelerator Program in Morocco aimed at fostering the development of innovative blockchain projects and startups in the region.
According to the association, the accelerator program will provide education, funding, and managerial support to help build successful blockchain projects and startups in the country.
As part of the partnership, The Hashgraph Association will be allocating €100 million Euros ($105.95 million) to startups operating in fintech and blockchain with the ambition of empowering young entrepreneurs to adopt digital assets and decentralized finance (DeFi).
This partnership marks a significant milestone in the growth and adoption of blockchain technology in Morocco. The AGV High-Speed Accelerator Program will not only provide a platform for startups to grow and thrive but will also create an ecosystem in the capital, Casablanca, and is expected to attract innovators, entrepreneurs, and pioneers.
Kamal Youssefi, President of the Board of The Hashgraph Association, said:
Invention thrives on education and collaboration. Orange is aligned with our drive to share the benefits of DLT (Distributed Ledger Technology) with new communities and to educate, fund, and build relationships with people there.
Alongside Orange, the association will provide co-funding to entrepreneurs, startups, enterprises, government projects, universities, and academic institutions. It is described as a co-investment model expected to serve the development and implementation of DLT (digital ledger technology), blockchain, and fintech solutions.
The program is also expected to provide a wide spectrum of learning modules based on an assessment of learning needs. The education will be hands-on and include seminars, classroom training, executive coaching, mentoring, e-learning, webinars, and blended learning programs.
To encourage collaboration among members of the AGV High-Speed Accelerator and like-minded entities in Morocco, the accelerator will enable global exchange programs that can be integrated with other professional programs for career beginnings and development.
The two organizations aim to co-organize virtual and onsite events regularly, providing space to workshop emerging concepts and technology in the DLT, blockchain, and fintech industries.
With the rise of blockchain technology and decentralized finance, there is a growing need for educational programs that help young people understand the potential of this technology. The AGV High-Speed Accelerator program has proposed as an excellent initiative to meet this need.
In addition, this program is expected to advance blockchain technology in the wider region, fostering growth, collaboration, and integrity of local businesses, and building an ecosystem aimed at attracting innovators, entrepreneurs, and pioneers.
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