• Morocco launches program to back startup investment funds under Maroc Digital 2030
  

• Government aims to boost funding, reduce risk for early-stage firms
  

• Target: 3,000 startups, $753M raised, and 1-2 unicorns by 2030

The Moroccan government launched a program last week to support investment funds that back startups, the Digital Transition Ministry said.

Digital Transition and Administrative Reform Minister Amal El Fallah-Seghrouchni oversaw the signing of an agreement between her ministry, the Ministry of Economy and Finance, the Mohammed VI Investment Fund, and state fund CDG.

The facility is meant to spur the creation and financing of funds focused on innovative young firms while reducing risks for private investors. The aim is to create a more attractive environment to mobilize capital, as Moroccan startups still struggle to access formal financing, especially at early-stage and growth-stage levels.

The initiative is part of the Maroc Digital 2030 strategy, which seeks to help produce one or two unicorns, startups valued at 1 billion dollars or more, by 2030. It also aims to increase the number of startups in the country to at least 3,000 and help the ecosystem raise up to 7 billion dirhams, or 753.5 million dollars, by that year.

Partech data show Moroccan startups raised 82 million dollars in 2024, 93 million dollars in 2023, and 26 million dollars in 2022.

Adoni Conrad Quenum