Morocco’s CDG Launches ’Founders212’ Program to Finance Young Entrepreneurs

– byKamal · 1 min read
Morocco's CDG Launches 'Founders212' Program to Finance Young Entrepreneurs

The Caisse de Dépôt et de Gestion (CDG) has just launched a new financing program for young entrepreneurs, as part of the creation and development of businesses.

Implemented as part of the strategy to encourage entrepreneurship and revive the national economy, the program, called Founders212, was launched by CDG Invest, the new investment branch of the CDG.

In a press release, the CDG points out that the program is open to entrepreneurs of different nationalities without any discrimination of sectors of activity. The program is also accessible to employees and young graduates with projects who wish to enter the world of entrepreneurship.

The selected projects will benefit, in addition to access to advice and expertise from professionals experienced in the business of entrepreneurship, from a support and financing mechanism that meets international standards.

Also, project leaders wishing to benefit from this program, whose financing ranges from 3 million dirhams for new creations to 10 million dirhams for companies in the development phase, must submit their application before July 31, 2019 through the portal directly on the portal: https://www.212founders.ma.