"The Innov Invest Fund, set up by the Ministry of Economy and Finance through Tamwilcom, with the support of the World Bank, in order to promote access to financing for startups and innovative project leaders, has been able to support nearly 470 startups," Zanati Serghini said in an interview with MAP, on the sidelines of the 3rd GITEX Africa Morocco, which runs until April 16 in Marrakech.

According to the official, “this fund has provided significant momentum to the startup ecosystem in Morocco, which, through a structured program, has offered solutions to the challenges faced throughout the entire lifecycle of startups — from the moment an idea is born to the stage of raising funds from investors.”

“With Innov Invest, which has played a catalytic role, we’ve seen the arrival of both public and private institutional stakeholders in the startup ecosystem, which has contributed to enhancing Morocco’s image on the international stage,” he noted, highlighting the national “Morocco Digital 2030” strategy.

“Beyond financing, Innov Invest also supports startups in structuring their business models, particularly through incubators and pre-acceleration structures,” he added.

Regarding the startup ecosystem in Morocco, the official said that it has experienced remarkable growth and strong momentum, with the number of startups increasing year after year, along with evolving programs and funding sources.

“This has led to the emergence of Moroccan startups that represent a true driving force behind the dynamic startup ecosystem in the country,” he said.

Furthermore, Zanati Serghini touched on the partnership signed by Tamwilcom with Flat6Labs, one of the leading startup accelerators in the MENA region, which adds further value to the Innov Invest Fund and to Morocco’s overall offering.

“This operator will be able to provide high-quality support to Moroccan startups, with financing to match,” he concluded.