Morocco-based Mohammed VI Investment Fund (FM6I) has announced plans for dedicated startup funds in collaboration with governmental and financial institutions. This initiative aims to nurture Morocco's startup ecosystem, with the Ministry of Digital Transition and Administrative Reform and Caisse de Dépôt et de Gestion partnering with select management companies. With a submission deadline of July 1, 2024, interested parties are encouraged to participate, reflecting a commitment to fostering innovation and technology within Morocco's burgeoning tech scene.
The initiative, supported by approximately 1.5 billion Moroccan dirhams ($147.6 million) from the public sector, extends its support to both Moroccan and foreign startups with significant ties to Morocco, emphasizing responsible investment practices and bolstering economic and social ties.