INNOV DEV
Incentive Category : Funding
Description
SME incorporated under Moroccan law in a growth phase that have successfully raised funds from investors (private equity funds, angel investors ….) and need funds to finance their investment and/or operating needs.
Organization
Central Guarantee Fund (CGF)
Detail
The financing is granted as a participative loan according to the following conditions:
- Amount of the loan: MAD 3.000.000 maximum without exceeding 50% of the contributions of external investors (venture capital funds, business angels…);
- Repayment: over a maximum period of 8 years with a 2-year grace period;
- Interest rate: 2% per year excluding taxes.
Eligibility
As part of an innovative project, intangible and/or tangible expenses related to the following elements may be funded by the equity loan :
- Implementation of production facilities ;
- Marketing and commercialization;
- Prospecting for new markets, especially for export;
- Development of new product variants;
- Working capital requirements.
