Morocco has taken a new step in its digital transformation with the launch of a catalytic financing mechanism dedicated to startup funds. The initiative was formalized on November 21, 2025, in Rabat through a partnership agreement overseen by Amal El Fallah Seghrouchni, Minister Delegate in charge of Digital Transition and Administrative Reform. The signing brings together the Ministry of Digital Transition and Administrative Reform, the Ministry of Economy and Finance, the Mohammed VI Fund for Investment, CDG Group, and Tamwilcom in a coordinated effort to boost venture capital activity in the country.
A Strategic Partnership to Support Startup Funds
The convention establishes a shared framework through which the participating public institutions will channel support to venture capital funds focused on Moroccan startups. Under this arrangement, Tamwilcom is mandated to operationalize the mechanism on behalf of the ministry for funds selected through calls for expressions of interest led by the Mohammed VI Fund for Investment. The partnership is designed to combine sovereign capital, development finance expertise, and risk-sharing tools so that private fund managers can scale up their commitments to early-stage and growth-stage companies.
A Catalytic Mechanism to De-Risk Venture Capital
The new mechanism targets funds that invest in startups from the seed stage through to expansion, with a specific focus on reducing the risk borne by investors. According to the authorities, eligible venture funds will be able to benefit either from a first loss coverage tranche or from direct commitments by Tamwilcom on behalf of the ministry, both structured in line with international best practices in venture capital. The ministry is committing 400 million Moroccan dirhams to this catalytic layer, which is intended to encourage both domestic and international investors to enter the Moroccan startup market earlier and with greater ticket sizes.
Anchored in Maroc Digital 2030 and Royal Orientations
The launch of this instrument is part of the rollout of the national strategy Maroc Digital 2030, which seeks to position Morocco as a competitive digital hub and significantly expand the contribution of the digital economy to GDP and employment. The strategy places startups at the center of its vision through a dedicated startup policy that aims to provide financing tools across the full company life cycle, targeted support in high potential sectors and a globally connected innovation ecosystem. The new mechanism also responds to the High Royal Guidelines of King Mohammed VI, which call for strengthening digital sovereignty and making investment in innovation a sovereign lever of long term competitiveness.
Strengthening Morocco’s Innovation and Investment Ecosystem
During the signing ceremony, Minister Amal El Fallah Seghrouchni stressed that the market remains underfunded relative to its potential, despite a rise in seed deals and growing interest from foreign investors. She emphasized that the catalytic fund is a concrete tool to limit risk, attract more private capital and give promising startups the means to cross critical growth thresholds, reinforcing Morocco’s ambition to become an African hub for innovation. Leaders of the Mohammed VI Fund for Investment, CDG and Tamwilcom highlighted that the joint initiative will help structure a world class Moroccan venture capital industry by adopting an open architecture approach that channels capital through private fund managers while leveraging innovative risk sharing structures.
By launching this catalytic support mechanism for startup funds, Morocco is moving from fragmented initiatives to a more integrated and durable architecture for financing innovation. The convention signed in Rabat consolidates the role of the state as a strategic partner that absorbs part of the risk in order to unlock larger private investment flows into technology and high growth enterprises. If successfully implemented, the scheme will help translate the objectives of Maroc Digital 2030 into tangible outcomes for founders and investors, from the earliest stages of company creation to the emergence of regional scaleups and potential future unicorns.