Financing Innovative Startups and Small and Medium Enterprises Project

Abstract*

The development objective of Financing Innovative Startups and Small and Medium Enterprises Project for Morocco is to facilitate the increase of private equity and quasi-equity finance for innovative startups and small and medium enterprises in the Project Area. This project has three components. 1) The first component, Financing Program, will target the following funding categories: angel/seed, early-stage, and VC stage. It has the following subcomponents:... Show More

Development Objective

The project objective is to facilitate the increase of private equity and quasi-equity finance for innovative startups and small and medium enterprises in the Project Area.

Key Details

Project Details

Project ID
P150928
Status
Active
Team Leader
Samia Mouline
Borrower 2
Kingdom of Morocco

Country
Morocco
Disclosure Date
June 10, 2016
Approval Date
(as of board presentation)
March 10, 2017
Effective Date
June 28, 2017

Total Project Cost 1
US$ 50.00 million
Implementing Agency
Tamwilcom (formerly La Caisse Centrale de Garantie)
Region
Middle East and North Africa
Fiscal Year 3
2017

Commitment Amount
US$ 50.00 million
Environmental Category
F
Last Update Date
November 7, 2023
Closing Date
November 30, 2025

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Private Sector Development

FY17 - Business Enabling Environment100%
- FY17 - Innovation and Technology Policy100%
FY17 - Enterprise Development100%
- FY17 - Entrepreneurship100%
- FY17 - MSME Development100%

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