Bidra Innovation Ventures Launches $ 50 Million Agricultural Technology Fund

With the support of Mohammed VI Institute of Technology and OCP Group, Bidra will invest US $ 50 million in initial capital over five years to support the founder’s technology in order to sustainably support the growing population.

San Francisco, 21 years old March 2022 : Bidra (Arabic for “seed”) is a new fund specializing in identifying, supporting and promoting bold and innovative solutions in the agricultural sector around the world. Launched with the support of Mohammed VI Polytechnic Institute and the OCP Group, Vidra puts its mission at the heart of its global efforts to sustainably support the ever-growing world population.

Based in San Francisco, USA, Bidra will invest $ 50 million over the first five years. Bidra is an independently operated autonomous fund, and Bidra managers are empowered to make investment decisions. The fund will be operational from April 1, 2022. Bidra’s ambition is to have a concrete impact on agriculture by focusing on solutions developed by farmers. In doing so, the fund covers areas such as agricultural inputs, digital agricultural services and agricultural markets.

By partnering with the most promising entrepreneurs in the field of agriculture, Bidra prioritizes disruptive and scalable start-ups, with an exciting environment, cutting-edge know-how, market access, established brand and history of Mohammed VI. You can benefit from your experience. Polytechnic Institute and OCP Group.

“I’m glad to be able to participate Vidra At the most important time for our industry. We are grateful for the UM6P initiative and its belief in supporting founders and technology at the cutting edge of agriculture.I AlsoThank you for being able to count on the pillars of the industry like that OCP group. We guarantee the fact that UM6P and OCP are the only investors Vidra Patient capital support and access to unmatched resources.Said Amar Singh, the president of Vidra Innovation venture.

Hicham El Habti, President of Mohammed VIPolytechnique University (UM6P) and Chairman of the Board of Directors of Bidra, added: “UM6P is dedicated to research and innovation, with a comprehensive innovation ecosystem of leading researchers, world-class international academic and innovation partnerships, and multiple laboratories for testing and improving new technologies. And brings together features. We will consider a partnership Vidra As a key enabler to achieve our goal of helping start-ups and the entire agricultural innovation ecosystem transform agriculture towards greater sustainability. »»

About MOHAMMED VI POLYTECHNICAL UNIVERSITY (UM6P)

Mohammed VI Polytechnic Institute is an applied research and innovation-oriented, African-oriented institution, aiming to be among the globally recognized universities in these areas.

The university is committed to economics and human development, conducting research and innovation to help develop the continent of Africa. Positioning that enables Morocco to strengthen its avant-garde position in these areas by establishing a unique partnership approach and strengthening training provision for future-related skills in Africa.

UM6P is a multi-site university with thematic sites that provide solutions related to local issues. Its main campus is in the heart of Green City Mohammed VI in Bengeril, 50 km from the city of Malakesh. We also opened our first research center in Laayoune in 2020 and a new campus in Rabat in 2021.

About OCP Group

The OCP Group contributes to the growing world population by providing essential elements for soil fertility and plant growth. With a century of expertise and 2021 sales of $ 9.4 billion, the OCP Group is a world leader in the market for phytonutrients and fertilizers. The OCP Group provides a wide range of specialized phosphate fertilizers suitable for nourishing the soil to enrich the soil, increase agricultural yields and nourish the earth in an economical and sustainable way. I am. Based in Morocco, the OCP Group is based on five continents and works closely with more than 350 customers worldwide. The OCP Group is committed to doing its best to develop Africa’s environment and society, putting innovation at the center of its strategy, especially for the establishment of sustainable and prosperous agriculture on the African continent. We are firmly convinced that leadership and profitability are inextricably linked to social responsibility and sustainable development. Its strategic vision lies at the intersection of these two axes.