In recent years, Morocco has slowly gained popularity in the startup sphere, despite a lack of attention from global investors. A new report from UM6P Ventures aims to change that.
New Report on Startups in Morocco
UM6P Ventures, the venture capital arm of Mohammed VI Polytechnic University, has released its first report on the Moroccan startup ecosystem. Created in partnership with the analytics company Startup Researcher, the report aims to give the country the ability to control its narrative and provide reliable data for investors.
Key Findings and Trends
The report indicates that Morocco does not lack capital, particularly at later stages, but there are insufficient prepared startups ready to attract these investments. It also notes that the dynamics of mergers and acquisitions are growing despite a limited number of exits. Furthermore, the report calls for greater visibility of the country on the global stage.
Future of Morocco's Startup Ecosystem
In the future, key sectors such as fintech, agritech, and cleantech are expected to grow, with significant attention being paid to structural changes in legislation and regulation. Despite the current landscape, with increasing support from the government and innovation hubs, the Moroccan startup ecosystem has a promising development future.
Thus, the new report on Morocco's startup ecosystem provides valuable data for international investors and emphasizes the need for further efforts to draw attention to the rapidly changing technology sector in the country.
