The Government of Morocco has officially launched a $269 million financial initiative designed to support investment funds targeting startups across the country. This marks one of Morocco’s largest public interventions in the venture capital landscape, aiming to bridge funding gaps and strengthen the national innovation ecosystem.

The initiative seeks to enable Moroccan startups to access capital during their most critical growth phases, foster innovation across strategic sectors, and attract both domestic and foreign investment to Morocco’s rapidly evolving technology and entrepreneurship environment.

This program is the result of a joint agreement between the Ministry of Digital Transition and Public Administration Reform, the Mohammed VI Investment Fund, Caisse de Dépôt et de Gestion (CDG), and Tamwilcom. Funding will be sourced from both public and private stakeholders, with additional participation from local and international investors.

Under this partnership, Tamwilcom will provide risk coverage and guarantee initial-loss protection for investors, a mechanism designed to mitigate risk and encourage capital deployment amid a challenging macroeconomic climate. In specific cases, Tamwilcom will also deploy capital directly to bridge urgent funding gaps on behalf of the Ministry.

The initiative is structured as a fund of funds mechanism, through which nine fund management companies were selected following a call for expressions of interest issued by the Mohammed VI Investment Fund. These firms cover a diverse range of sectors including fintech, agri-tech, ed-tech, digital health, and climate tech, and are strategically distributed to support startups at various stages — three pre-seed funds, two seed-stage funds, and four Series A and later-stage investment vehicles.

By activating this multi-layered financing approach, Morocco aims to unlock new capital, stimulate high-impact innovation, and strengthen its position as a regional hub for technology-driven entrepreneurship.

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