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Project Summary Note - Azur Innovation - Morocco
Azur Innovation (the ‘Fund’ or ‘FPPA’) is a public-private seed investment fund which was established to finance innovative young enterprises in Morocco. The Fund, domiciled in Morocco, was established under a Moroccan Government initiative, ‘Innov Invest’ aimed at promoting entrepreneurship and ensuring the development of VSME by supporting start-ups with strong growth potential through a financing structure combining public and private financing using several financing tools, and private investment loss protection mechanism. The target sector is the innovation and industrialisation sector. Projects in the pipeline concern financial technologies, agri-business, telemedicine, biotech/clean-tech, smart textiles, renewable energies which are in keeping with the Kingdom’s development strategy (Industrial Acceleration Plan, Green Morocco Plan and the Morocco Digital Plan).