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Innov Invest Fund — Tamwilcom funding pathways

The Innov Invest Fund is the Moroccan State’s flagship vehicle for innovative start-ups. Operated by Tamwilcom (formerly CCG) with World Bank co-financing, it offers grants, equity and guarantees through a network of accredited incubators — including those active in Souss-Massa.

The four products at a glance

Eligibility

• Moroccan-incorporated company (SARL, SARL-AU, SA or SAS) less than 5 years old.
• Innovative product, service or business model — defined broadly: tech, deep-tech, agritech, fishtech, cleantech, social-impact.
• Annual turnover < MAD 10M at application.
• Founders or majority shareholders are Moroccan residents (or Moroccan diaspora willing to redomicile).
• For Innov Start & Innov Risk, you need an accredited incubator or VC sponsor — not a self-application.

How to apply — Innov Idea (the grant)

1. Pre-incubate at an accredited Souss-Massa partner: Technopark Agadir, UIZ StartUp Hub, Bidaya or CRI Souss-Massa.
2. Build a 10-page business plan using our free templates + 12-month budget.
3. The incubator submits your file to Tamwilcom (you cannot submit alone).
4. Pitch to the regional Tamwilcom committee. Decision in 6–8 weeks.
5. Funds are released in 3 tranches against milestones.

How to apply — Innov Start (convertible)

1. Have an MVP and at least one paying customer or letter of intent.
2. Same incubator route as Innov Idea, plus a data room: cap table, financial model, contracts, IP assignments.
3. Term sheet: convertible at next priced round with 20 % discount and MAD 15M cap (typical 2026 terms).
4. Tamwilcom takes a board observer seat.

How to apply — Innov Risk (equity)

1. Find a lead VC (212 Founders, Outlierz, AfricInvest, MNF Ventures, Azur Innovation Fund).
2. The lead VC structures a Moroccan SPV; Tamwilcom co-invests up to 49 %.
3. Standard SHA: pre-emption, tag-along, drag-along, anti-dilution.
4. Closing in 8–14 weeks from term sheet.

Innov Garantie — the lever most founders ignore

If your bank refuses a loan because you have no track record, ask about Damane Express Innov. Tamwilcom guarantees up to 80 % of the loan, dramatically lowering the bank’s risk. Typical use cases:

• Working capital for a software contract you have just won.
• Equipment loan for a packaging line, RAS aquaculture system or solar installation.
• Invoice-discounting line backed by a Moroccan corporate or public-sector buyer.

What Souss-Massa applicants should know

• Pair your application with the Tatwir Startup grant from Maroc PME — they stack and the combined non-dilutive ceiling reaches MAD 2.4M.
• Use Technopark Agadir as your accredited incubator — it has a dedicated Innov Invest desk.
• For deep-tech (aerospace composites, marine R&D), partner with the UIZ StartUp Hub for technology-readiness validation.

Common reasons applications fail