Shock: French technology invaded by Moroccan genius!

Impressive in their ability to influence the French technology ecosystem, Moroccan entrepreneurs are shaping a new dynamic with remarkable innovation and academic excellence.

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A dynamic in the making

Born from the desire to shake up the ethnic homogeneity that characterizes French technology in particular, the Moroccan community has an infallible motivation to transform this technological landscape. Both start-ups and initiatives driven by Moroccan entrepreneurs are flourishing, responding to growing market demand and attracting the attention of investors.

VelyVelo: the symbol of the Moroccan breakthrough

Founded by three entrepreneurs raised in Morocco and based in Paris, VelyVelo is the perfect example of this Moroccan success in the French Tech ecosystem. The company, which focuses on decarbonizing commercial transportation, has just completed a significant financing round, raising 6 million euros, of which 3 million in the form of debt. Asmaa Chakir Alaoui, director of VelyVelo, points to a turnover of around 5 million euros for the year 2023, undeniable proof of the validity of the approach and the success achieved.

Academic excellence at the service of technology

At the heart of this rapid rise, the academic excellence of Moroccan entrepreneurs appears to be one of the main drivers of the success achieved. At the heart of their roots lies a constant valorization of knowledge and education, which is reflected in the way Moroccan entrepreneurs create, develop and manage their businesses.

Financing challenges

Despite this growing success, obstacles still remain for these Moroccan entrepreneurs pursuing their ambitions in the French technology landscape. The financing of their startups in particular proves to be a real challenge. The need for resources to support business growth and development is emerging as the main obstacle to expansion, despite significant investor interest.

The Moroccans in Tech network

One of the answers to these challenges comes from the Moroccans in Tech network, which aims to bring together entrepreneurs and investors on French territory. More than just a meeting place, it is a space for exchange and mutual help, a breath of fresh air in an environment that is sometimes difficult to access, creating synergies and opportunities for collaboration.

While this growth of Moroccan French technology is confirmed, the question remains: how far can this movement go? How will the French technological landscape continue to evolve under this new dynamic, driven by the Moroccan community?