Startups in Morocco now have a central portal that will enable them benefit from a range of subsidies, guarantees, financing, tax advantages and customs procedures. Called the national entrepreneurship support portal (Al Moukawala), the portal is a “one-stop-shop” bringing together all of the public effort in the area of entrepreneurship and aimed at project leaders, very small businesses, SMEs, startups, cooperatives, farmers, individuals, auto-entrepreneurs and clusters. The portal was unveiled during a ceremony organized on December 17, 2020 by the country’s Ministry of the Economy, Finance and Administrative Reform. — Department of the Treasury and External Finances.
Read also: How Investors Can Go About Remote Due Diligence In A Pandemic World
Morocco portal startups
Here Is What You Need To Know
- This project, designed in partnership with GIZ (German cooperation) and various stakeholders in the entrepreneurship sector, centralizes information on public support instruments and offers dedicated to entrepreneurs.
- Based on the observation that around a hundred ways of supporting entrepreneurship remain unknown to project leaders, this platform would therefore aim to strengthen access to information and promote communication in the different regions of Morocco between project leaders and other stakeholders in the entrepreneurial ecosystem.
- The offers presented by this portal include subsidies, guarantees, financing, tax advantages and customs procedures. Likewise, the search engine offered by this tool allows each category of entrepreneurs to access offers corresponding to their profile, life cycle and their needs.
- This platform has specific features designed as a compass for entrepreneurs and project leaders in order to guide them towards support solutions suited to their ambitions.
- Other objectives are also assigned to this platform such as the production of statistics, surveys and studies on the sector, support for new initiatives, and capacity building of entrepreneurs. In addition, there is the annual collection of instruments to support entrepreneurship, which supplements the content of the existing offer on this site.
- In addition, a digital application (Al Moukawala) for viewing instant offers has been set up with a range of 90 project support measures. It can be downloaded from the App Store or Google Play.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer