Launched with the support of UM6P and the OCP Group, a global leader in plant nutrition. Bidra (Arabic for seed) is focused on being a dynamic partner in the global effort to sustainably feed the world’s growing population.
The fund aims to identify, nurture, and empower innovative solutions to boost agricultural ecosystems worldwide.
The fund is expected to begin operating in April 2022, over a period of five years where investments would be mainly made in businesses specializing in crop production, digital agriculture services, and agri-market solutions.
“We see Bidra’s partnerships with start-ups and the agricultural innovation ecosystem at large as key catalysts to achieving our objective to contribute to the transformation of agriculture towards greater sustainability.”
Bidra will prioritize disruptive, scalable start-ups and empower them to benefit from the stimulating environment, cutting-edge know-how, market access, established brand, and historic experience of the Mohammed VI Polytechnic University and the OCP Group.
Meanwhile, Amar Singh, President of Bidra Innovation Ventures, highlighted that having UM6P and OCP as sole investors will provide Bidra with long-term capital alongside access to several useful resources in the agritech field.
Morocco currently faces a drought that threatens food security in the region. The country is looking for initiatives and investors to help solve the looming threat.
In addition, the country has opted to desalination of seawater and reuse of treated wastewater in agricultural space in a bid to increase the volume available for farms.