« Innov Invest »: Funds dedicated for Startups allocated

A new funding has been allocated to facilitate the financing of startups and innovative enterprises. It concerns the «Innov Invest» funds of which the master agreement relative to the management by the Caisse Centrale de Garantie (CCG) was signed by the minister of Economy and Finance, Mohamed Boussaid, the CCG and other ministers. These fund with a budget of 500 million DHS, will allow the financing of about 100 enterprises in the «Equity» category, 300 project leaders in the «prepayment/loan» and « technical assistance » categories. This funding will be mainly carried by public/private vehicles of capital venture created as a result of interest demonstrated and stake holders in the existing funds. The idea is also to foster direct and indirect co-investments with Business Angels network.