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CDG investment branch «CDG Invest» launched the «212 Founders» program aimed at promoting the creation and growth of startups in Morocco, according to a statement from the Caisse de Dépôt et de Gestion (CDG/state-owned fund).
This initiative is part of the CDG group's new strategy seeking the promotion of entrepreneurship and enhancement of the Moroccan economy, the statement said, adding that the program is open to entrepreneurs of all nationalities, regardless of their sectors, as well as employees or young graduates wishing to create their own startup in Morocco.
Successful projects will benefit from a comprehensive program of support and funding matching the highest international standards. The beneficiary startups will be able to obtain financing from the beginning (up to 3 million dirhams) until the growth phase (Series A, up to 10 million dirhams).
This program will be delivered by experienced entrepreneurs for the benefit of other entrepreneurs. It also gives selected startups access to a unique network of mentors and senior experts who have been successful in the field of entrepreneurship, the source said.
