December 6, 2018
Training Morocco’s Angel Investors – Plans for a Moroccan Business Angel Network Emerge after EBAN Workshops
EBAN has a long history of helping set up angel networks and educating angel investors in different local markets. Its most recent initiative in spreading the gospel of business angels was a partnership with the GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH), the Moroccan Ministry of Economy and Finance (MEF) and CCG for their project in support of professionalising angel investors in Morocco.
With the ultimate goal to establish a startup-friendly environment in the country, the program focused on training angel investors with hands-on workshops. 2 EBAN experts from its member network Sophia Business Angels – Marcel Dridje, SBA President, and Jean-Louis Brelet, SBA President Emeritus, both with more than 10 years of experience in the field – led 2 trainings for current and future business angels on-site in Rabat. Each of the trainings lasted for 2 days, with the first session focusing on educating senior Business Angels and addressing topics such as investment strategies, best practices in terms of due diligence and startup assessment, exit strategy, and more. The second training was tailored for junior business angels, where basics of angel investment, key evaluation criteria and lifecycle for startups, the role of business angel networks and similar introductory topics were discussed.
Representatives from the MEF, GIZ and CCG had the following comment regarding the training program: “EBAN and its expert coaches delivered a first-class workshop for both junior and senior business angels and inspired the attendees by sharing facts and experiences from Sophia Business Angels, FRANCE Angels and EBAN”.
Marcel Dridje and Jean-Louis Brelet added: “As far as we are concerned both SBA & EBAN truly added tremendous knowledge transfer to fuel and ignite the BA training demand across both the French & English speaking African Business Angels.”
A group of 20 Senior business angels who participated in the training have already started working on the creation of an active Moroccan Business Angel Network, a promising step for the early stage ecosystem in the country.
EBAN would like to thank GIZ, the Moroccan Ministry of Economy and Finance and CCG for their initiative to develop angel investing in Morocco. We would also like to thank Marcel Dridje and Jean-Louis Brelet for representing EBAN and delivering excellent workshops to the participants of the project.