This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress
The Innov Invest (FII) fund has supported nearly 470 startups since its launch, said Tamwilcom director general, Hicham Zanati Serghini.
“The Innov Invest Fund, set up by the Ministry of Economy and Finance with Tamwilcom, with the support of the World Bank, in order to promote access to financing of startups and innovative project leaders, was able to support nearly 470 startups,” said Zanati Serghini in an interview with MAP, margin of the 3rd edition of the Gitex Africa Africa Africa Africa Africa Morocco, organized until April 16 in Marrakech.
According to the manager, “this fund has given significant propulsion to the startup ecosystem in Morocco which, through a structured program, came to provide answers to the issues of the whole chain of life of startups, as long as we have the idea until we will raise funds from investors”.
“With Innov Invest, who played a catalyst role, we saw arriving on the market of the ecosystem of startups public and private institutional, which contributed to the influence of the image of Morocco internationally”, he noted, emphasizing the national strategy “Morocco Digital 2030”.
“Beyond funding, Innov Invest also supports startups to structure their business model, notably through incubators and pre-acceleration structures,” said Zanati Serghini.
Regarding the ecosystem of startups in Morocco, the manager estimated that he has experienced remarkable development and a good dynamic with the number of startups which evolves more and more each year, and programs and sources of evolving financing.
“This has brought up Moroccan startups which constitute a real deposit of the dynamics of the ecosystem of startups in Morocco,” he said.
In addition, Mr. Zanati Serghini returned to the signature by Tamwilcom of a partnership with Flat6labs, one of the main startup accelerators in the MENA region, which enriches the offer of the Innov Invest and Morocco fund.
“This operator will be able to give quality support to Moroccan startups with funding,” he concluded.
