Moroccan Innovation Program Selects 7 New Startups, Boosting Total to 35

These seven new support agreements are part of the INOV INVEST program aimed at supporting start-up creation projects in Morocco, according to a statement from the association, adding that R&D Maroc has thus brought to 35 the number of projects supported for a budget envelope of 6.3 MDH.

In total, 510 projects were received over the past three years following the 5 calls launched by R&D Maroc to project leaders, mainly young people from the university environment.

After study, 42 projects were selected to be supported: technical and economic feasibility, prototyping, intellectual property protection, product testing on the market and start-up creation. The amount of funding dedicated to supporting the 35 selected projects amounts to 6.3 MDH.

To date, 12 startups have completed their development plan, 16 are very advanced and 7 are in the process of starting up, the association points out.