Casablanca (ADV) – The Moroccan Information Technology Company (MITC), has launched its initiative “Maroc Numeric Fund II.” (A plan to fund information technology-related start-ups).
With a fund of $ 20 million US dollars, the initiative, which is follows-up “Maroc Numeric Fund I”, will promote technological advances in the country by providing greater financial and technical assistance to technology-related start-ups.
Speaking to the press on the sidelines of “Innov Invest Day,” a digital entrepreneurship meeting held in CasablancaDouniaBoumehdi, MITC’s general director, said: “We do not only support innovation in technology. We approach innovation in its broadest sense, including business mode, services, and [other types of] products. The most important is something that is in rupture [with traditional ideas].”
The initiative also envisions consolidating Morocco’s place in the digitized global market.
“We have the support and the full confidence of our partners,” Boumehdi said. She added that the success of their previous project has spurred the interest of other investors ready to accompany their actions and projects.
Morocco is keen to financing its youth projects and has built several startup bureaux for hosting leading Moroccan and African talents. The country aims to become the silicon valley of Africa.
© Bur-csa – ADV