Innov Dev is a financing mechanism in the form of a participatory loan, designed to support Moroccan SMEs in their growth phase that have successfully raised capital, backing their innovative projects and financing their investment, operating, and new product development needs.
What is the purpose of the mechanism?
Innov Dev is a financing mechanism in the form of a participatory loan, designed to support innovative SMEs in their growth phase, meeting their investment and/or operating needs.
Who is eligible and which sectors are covered?
Innov Dev is aimed at SMEs incorporated under Moroccan law that have successfully raised capital from external investors - such as private equity funds, angel investors, and others - and are carrying an innovative project.
What projects qualify and how does the financing work?
Eligible expenses are those directly linked to the development of the innovative project, including production facilities, marketing and commercialisation, new market prospection, product development, and working capital needs. Financing takes the form of a participatory loan capped at MAD 3 million, with external investor contributions not exceeding 50%.
What are the financial terms and how do I apply?
The Innov Dev participatory loan is granted over a maximum term of eight years, including two years of deferral, at an interest rate of 2% per annum, excluding tax. Applications are submitted exclusively through partner fund management companies, which are responsible for receiving and processing files.
