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New Collaboration Between TAMWILCOM and IFC to Accelerate Startups in Morocco
As part of the momentum initiated by the "Innov Invest Fund (FII)," TAMWILCOM and the International Finance Corporation (IFC), a member of the World Bank Group, have recently announced a strategic partnership. The aim of this collaboration is to establish an acceleration program for startups in Morocco, thereby strengthening the country's entrepreneurial ecosystem. The signing ceremony for the cooperation agreement took place on Tuesday, September 19, in Rabat, with key figures such as Mr. Hicham ZANATI SERGHINI, CEO of TAMWILCOM, Mr. Xavier REILLE, IFC Director for the Maghreb and Djibouti, Mr. Jesko HENTSCHEL, World Bank Director for the Maghreb and Malta, and Mr. Zakaria NACHID, representative of the Ministry of Economy and Finance.
This collaboration seeks to introduce new funding mechanisms for Moroccan startups, facilitating their access to the capital needed for growth. Mr. ZANATI SERGHINI emphasized the significance of this partnership, stating that "thanks to this collaboration with IFC, TAMWILCOM will be able to strengthen the acceleration segment, thereby increasing the number of startups capable of fundraising for their development."
Mr. Xavier REILLE highlighted the need for a robust entrepreneurial ecosystem in Morocco, seen as a driver of innovation and competitiveness for the national economy. He emphasized that this partnership with TAMWILCOM is a continuation of the long-term collaboration between the World Bank Group, TAMWILCOM, and the Innov Invest Fund.
In his remarks, Mr. Jesko HENTSCHEL expressed the World Bank's satisfaction with this crucial step in strengthening the startup ecosystem in Morocco. He pointed out that this initiative, supported by IFC, will help facilitate the transition of startups to seed funding, reinforcing the role already played by the Innov Invest Fund in the emergence and institutionalization of the Moroccan startup ecosystem.
In conclusion, this strategic partnership between TAMWILCOM and IFC promises to be a crucial lever to add real value to the innovative entrepreneurship ecosystem in Morocco. It significantly complements the actions of the Innov Invest Fund, aligning with international best practices and standards to support the country's inclusive and resilient growth.