Morocco has announced a major initiative to inject approximately $269 million (MAD 2.5 billion) into its startup ecosystem through a new incentive mechanism designed to support investment funds. This significant public-private intervention aims to catalyze innovation and bridge critical funding gaps for early-stage companies across the country.
The landmark agreement was signed by Morocco’s Ministry of Digital Transition and Public Administration Reform, the Mohammed VI Investment Fund, Caisse de Dépôt et de Gestion (CDG), and Tamwilcom, who will collectively finance and manage the vehicle alongside local and foreign private investors.
A Strategic Public-Private Partnership
The initiative represents one of the nation’s most substantial public commitments to venture capital. It operates through a fund of funds structure led by Tamwilcom, a public financial institution. This vehicle will channel capital into nine pre-selected fund management companies that were chosen following a call for expressions of interest by the Mohammed VI Investment Fund.
The collaborative funding model is designed to attract private capital by mitigating risk, a crucial step in the current risk-averse macroeconomic climate.
De-Risking Investment to Attract Capital
A core component of the initiative is the risk coverage provided by Tamwilcom. The institution will offer insurance against initial losses to investors, creating a more attractive environment for both domestic and international venture capitalists to participate in the Moroccan market.
In addition to risk mitigation, Tamwilcom is also mandated to deploy capital directly on behalf of the Ministry in specific cases. This will help address funding shortages and ensure promising startups have the resources they need to scale.
Spanning the Full Funding Spectrum
The nine selected management companies have been structured to support startups across their entire lifecycle. The allocation includes three pre-seed funds, two seed-stage funds, and four funds focused on Series A and later stages.
This comprehensive approach ensures that capital is available from the earliest ideation phases through to significant growth stages. The funds will target a diverse range of high-potential sectors, including fintech, agri-tech, ed-tech, digital health, and climate tech, reflecting Morocco’s strategic economic priorities.
About Tamwilcom
Tamwilcom is a public financial institution in Morocco dedicated to facilitating access to financing for businesses. It plays a central role in implementing public guarantee programs and financial mechanisms to support entrepreneurship, innovation, and sustainable development within the Moroccan economy.
Source: Waya
