The Moroccan Association for Research and Development (R&D Maroc) has once again been selected as a key partner in the Innov Invest Fund, an initiative launched by Tamwilcom to bolster startups and innovative projects in Morocco. R&D Maroc’s role extends beyond financing, offering comprehensive support to startups through its “Tech Start” program.
Since its establishment in 1997, R&D Maroc has championed innovation and research within Morocco’s productive sectors. The association has a longstanding commitment to nurturing startups, particularly those originating from research.
Over the years, R&D Maroc has launched numerous initiatives to identify and promote innovative projects. These include the National Innovation, Research and Development, and Technology Competition, studies on business incubators, and a national workshop on incubators.
The Innov Invest Fund: A Game Changer
R&D Maroc views the Innov Invest Fund as a pivotal program for startups, addressing the crucial early stages and venture capital needs that have often hindered their growth. The fund has fostered a collaborative environment through public-private partnerships, stimulating the work of national incubators and accelerators.
Through the “Innov Idea” program, R&D Maroc funded and supported 35 startups, facilitating product development and patent filings. These startups generated a turnover of 3.5 million dirhams in 2023 and created approximately 100 jobs, underscoring the program’s positive impact.
Empowering Startups with “Tech Start”
Under the second edition of the Innov Invest Fund, R&D Maroc will offer the “Tech Start” program to startups that have progressed beyond the Proof of Concept stage and are ready to develop prototypes or Minimum Viable Products. “Tech Start” provides grants of up to 400,000 DH, covering up to 80% of expenses related to innovative projects.
In addition to funding, R&D Maroc will provide tailored support to startups, encompassing technical, strategic, and commercial aspects. The aim is to equip startups for market entry and prepare them for fundraising in the acceleration phase.
R&D Maroc envisions further integration of research and innovation within Moroccan companies. The association emphasizes the need to strengthen ties between companies and competence centers such as universities, research centers, and industrial technical centers.
To ensure Morocco’s competitiveness, R&D Maroc advocates for the development of scientific and technological skills, backed by adequate funding, flexible management, and tax incentives.
By continuing its commitment to supporting innovation, R&D Maroc plays a crucial role in driving economic growth and fostering a vibrant entrepreneurial ecosystem in Morocco.