Every Active Startup Funding Program in Morocco for 2026: A Complete Guide

Morocco's startup ecosystem has reached a turning point. With over MAD 3 billion in public and private funding now flowing through dedicated programs, 2026 is the best year yet for Moroccan founders to turn ideas into funded ventures. Whether you're building an AI-powered SaaS, a FinTech platform, or a deep tech innovation, there is a program designed for your stage and sector.

This guide breaks down every active funding program available to Moroccan startups right now, including eligibility requirements, funding amounts, and how to apply.

1. Startup Venture Building (Startup VB)

Launched in December 2025 by the Ministry of Digital Transition and TAMWILCOM, Startup VB is Morocco's flagship startup support program. It combines strategic guidance with tailored financing based on your startup's maturity level.

What You Get

• Living allowance (Bourse de vie) to support founders transitioning from employment
• Incubation grant of up to MAD 200,000 (non-repayable)
• Interest-free honor loan of up to MAD 500,000
• Seed loan between MAD 500,000 and MAD 2,000,000

Eligibility

• Innovative Moroccan digital startup
• Incorporated for less than 8 years
• Operating in the digital/tech sector

How to Apply

Applications are open through the Ministry of Digital Transition (MTNRA) portal. You can also apply through one of the six accredited operators: CEED Maroc, Technopark, Flat6Labs, 500 Global, Renew Capital, or Open Startup International.

The program aims to support over 800 startups over three years with a total budget exceeding MAD 700 million. Early-stage instruments (grants and living allowance) are equity-free, making this the most founder-friendly option available.

2. Innov Invest Fund (TAMWILCOM)

Backed by the World Bank with $50 million channeled into pre-seed and seed-stage startups, the Innov Invest Fund is one of Morocco's most established innovation financing mechanisms.

What You Get

• Standard grants up to MAD 200,000
• Patent-backed projects up to MAD 400,000
• Deep Tech / breakthrough innovation up to MAD 750,000
• Additional: soft loans, equity, quasi-equity, and technical assistance

Eligibility

• Startups operating in innovation for less than 5 years
• AI, machine learning, and advanced tech projects qualify under the Deep Tech bracket

How to Apply

Applications are submitted through the Innov Invest portal on TAMWILCOM's website. The program runs on a rolling basis with no fixed cohort deadlines.

3. FM6I / TAMWILCOM Startup Fund-of-Funds (MAD 2.5 Billion)

Activated in November 2025, this is the largest startup funding mechanism in Morocco's history. The MAD 2.5 billion (approximately $269 million) fund-of-funds brings together the Ministry of Digital Transition, FM6I, CDG, and TAMWILCOM.

What You Get

• Funding across pre-seed, seed, and Series A stages
• Capital deployed through nine selected fund managers
• Designed to address the region's persistent funding "valley of death"

How to Access

This fund operates indirectly. You don't apply to the fund itself. Instead, you pitch to the nine selected fund managers, several of whom are actively investing in AI and enterprise tech startups. Research which fund managers have been selected and approach them directly with your pitch deck.

4. 212 Founders (CDG Invest)

CDG Invest's flagship startup program is one of Morocco's most recognized funding vehicles, with a strong track record of backing B2B enterprise software companies.

What You Get

• Seed funding up to MAD 3,000,000
• Series A funding up to MAD 10,000,000
• International expansion co-investment of approximately $1,000,000
• Coworking spaces in Casablanca, Marrakech, and Station F in Paris

Eligibility

• Open to all business sectors
• Free program targeting high-potential entrepreneurs
• B2B enterprise software is explicitly in the investment portfolio

How to Apply

Applications are submitted online at 212founders.co on a continuous basis. Cohorts are processed in two batches: Winter (February/March) and Summer (September/October). Plan your application timing accordingly.

5. Generation Entrepreneurs (CDG Invest)

A more advanced funding vehicle from CDG Invest, Generation Entrepreneurs targets startups that have moved beyond the idea stage and need significant capital to scale.

What You Get

• Equity and quasi-equity of up to MAD 20,000,000
• CDG Invest takes a minority position

Eligibility

• Startup or seed-stage projects less than 5 years old
• Led by founders with proven experience
• Ability to attract key partners and talent

How to Apply

Contact CDG Invest directly through their website. This program is suited for startups with traction that need growth-stage capital.

6. Flat6Labs x TAMWILCOM Accelerator

Launched in April 2025, this accelerator specifically targets high-potential sectors that align with Morocco's digital transformation agenda.

Target Sectors

• AgriTech, FinTech, Industry 4.0
• CleanTech, GreenTech, HealthTech
• Big Data and AI

What You Get

• Accelerator program with mentorship and investor access
• Access to Flat6Labs' $85 million Africa Seed Fund (backed by the IFC)
• Targets pre-seed and seed-stage startups across North, West, and East Africa

How to Apply

Applications are submitted through the Flat6Labs website. Cohorts are announced periodically. Follow Flat6Labs Morocco on social media for application windows.

7. Founder Institute Morocco (2026 Cohort)

The global Founder Institute is accepting applications for its Morocco 2026 program. This is best suited for very early-stage founders.

What You Get

• Structured program to reach investment-readiness milestones
• Mentorship from experienced entrepreneurs
• Global network access

Eligibility

• Founders at the idea or pre-seed stage
• Must be committed to building a sustainable company

How to Apply

Applications are open on the Founder Institute website (fi.co). Search for the Morocco 2026 cohort.

Understanding the Funding Types

Not all funding is created equal. Understanding the differences can save you from unpleasant surprises.

Government Grants

The most founder-friendly money. The state gives you capital to stimulate the economy and create jobs. It expects no financial return on your specific startup. If you spend a MAD 200,000 grant on product development and it doesn't work out, the government absorbs the loss as a policy cost. Grants are non-repayable and no equity is taken.

Honor Loans

Zero-interest, typically unsecured loans. You are expected to repay if you can, but most Moroccan public loan programs have debt restructuring or write-off mechanisms for insolvent startups.

Public VC (e.g., 212 Founders, Generation Entrepreneurs)

A state-owned institution acting like a venture capitalist. It invests real equity into your company, becoming a minority shareholder. It has a longer time horizon and more tolerance for risk than a private fund, but it does expect a financial return eventually.

Sovereign VC (e.g., FM6I Fund-of-Funds)

National wealth funds that channel money through professional fund managers. They think in decades, not quarters, and care about national strategic interest alongside returns.

Accelerators (e.g., Flat6Labs, Founder Institute)

Programs that give you structure, mentorship, and investor introductions. Some take a small equity stake (typically 5-8%) in exchange for the program. The funding component is usually small or indirect.

What If Your Startup Fails?

This is the question every founder asks but few programs address openly. Here's the reality.

With Grants

If you spent the money on legitimate business activities and the startup simply didn't work commercially, you face no legal consequence. Spending a grant on marketing that generated zero subscribers is not fraud. It's a failed go-to-market strategy, which is a business risk the program accepted when it gave you the money.

With Honor Loans

If the startup genuinely fails and has no assets, most programs have a write-off mechanism. You won't face criminal consequences for a legitimate business failure. However, ignoring repayment demands when you have personal assets could lead to civil claims.

With Equity Investment

If the company fails, shareholders lose their investment. That's the fundamental nature of equity. You are not personally liable unless you committed fraud or breached your fiduciary duty.

The Critical Line: Negligence vs. Fraud

The legal system distinguishes sharply between a bad business decision and fraud. Spending investor money on ads with no ROI is execution risk, not a crime. Spending investor money on personal expenses or lying about revenue is fraud and carries criminal liability under Morocco's Commercial Code and Penal Code.

Key protection: Keep clean accounting records and spending receipts. If you receive public funds, you may be subject to audit by the Cour des Comptes. As long as your books show the money went to business activities, you are legally safe even if the business failed completely.

Can You Apply While Still Employed (CDI)?

Yes. None of these funding programs require you to resign from your job before applying. Their eligibility criteria focus on the startup itself, not your employment status.

Moroccan law does not prohibit a CDI employee from simultaneously founding a company. These are two distinct legal statuses that can coexist. However, check your employment contract for:

• Exclusivity clause (clause d'exclusivite): Forbids running any other commercial activity while employed. Starting a company could be grounds for dismissal.
• Non-compete clause (clause de non-concurrence): Forbids operating in the same sector as your employer for a defined period.

If your contract has neither clause, or if your startup operates in a different sector than your employer, you are legally free to pursue both simultaneously. The smart approach is to build your MVP and secure initial funding while employed, then transition to full-time entrepreneurship when the startup demands your complete attention.

The Recommended Strategy for 2026

For a Moroccan tech startup in 2026, here's the optimal funding path:

1. Start with Startup VB: It's equity-free at early stages, explicitly digital-sector focused, and the application window is open now through the six accredited operators.
2. Layer with Innov Invest: Apply for additional grant financing, especially if your project qualifies as Deep Tech (AI, machine learning, advanced algorithms).
3. Target 212 Founders or the FM6I fund managers once you have traction, a working product, and initial revenue signals.
4. Scale with Generation Entrepreneurs when you need significant growth capital (up to MAD 20 million).

The Moroccan startup funding landscape has never been this comprehensive. The infrastructure is in place. The capital is available. The only missing piece is founders with the ambition to build world-class products from Morocco.