The Ministry of Economy, Finance and Administration Reform announced Thursday the establishment, within the Innov Invest Fund (FII), of a new component entitled “Covid Emergency Plan- 19 ”dedicated to supporting and supporting the actors of the start-up ecosystem to face this crisis.
Launched in concert with the Central Guarantee Fund (CCG) as part of support for this ecosystem, this component aims to provide additional support to meet the current costs of beneficiaries of IFI interventions and thus facilitate the restart of their activities, says the ministry on its website. Also, the labeled support structures will benefit from exceptional specific support to maintain their momentum in terms of technical assistance intended for young promoters of innovative projects, said the same source, adding that in the context of support for innovation in the health professions, there will soon be the launch of a seed fund dedicated to project leaders and start-ups active in the health field.
Managed by the CCG and endowed with 500 million dirhams (MDH), the FII is a public support mechanism for start-ups which seeks assistance in the form of aid, loans and investments in favor of start-ups. innovative.
Since its official launch in 2017, this Fund has brought real momentum to the innovation ecosystem. Nearly 200 projects have benefited from funding in this context for an amount of around 100 MDH.
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