Morocco has picked nine fund managers to run a new 2.5 billion dirham investment programme, worth around 250 million US dollars, aimed at boosting the country’s startup scene.
eThe plan was announced at the fourth edition of GITEX Africa Morocco.
The initiative is led by the Mohammed VI Fund for Investment (FM6I) together with the Ministry of Digital Transition and the Caisse de Dépôt et de Gestion (CDG).
Out of 47 applicants, nine firms were selected to manage the funds. This includes three Moroccan firms, five international ones, and one joint consortium.
The money will support startups at different stages, from very early ideas to companies ready to expand abroad. Key sectors include fintech, agritech, edtech, healthtech and climate tech.
A key part of the scheme is a risk support system run by TAMWILCOM. It uses a “first loss” setup, meaning the public sector covers early losses if investments do not work out. This makes it less risky for private investors and more attractive for global funds.
The idea is to bring more international investors into Morocco by making the system feel closer to global venture capital standards.
The plan sits under Morocco’s wider Digital 2030 strategy, which aims to create 3,000 startups and produce several unicorns, meaning companies valued at over 1 billion dollars, by 2030.
FM6I will act as the main anchor investor, helping build confidence and attract private money. CDG provides long term funding, while TAMWILCOM manages the risk tools. It has also launched a separate 700 million dirham programme to support 800 startups through grants and interest free loans.
Officials say focusing on climate tech and agritech links to real national issues like water shortages and Morocco’s push into renewable energy, including major solar projects.
The overall goal is to move Morocco from simply using technology to building and exporting it.
