Morocco’s Employers’ Association (CGEM) announced on Wednesday that it is launching a new initiative called “CGEM for Tech Founders” to support the growth of startups in the country.
CGEM’s new program is intended to provide “practical solutions” to “simplify the daily operations” of startups. Such solutions will include assistance with administrative tasks through dedicated channels established with national agencies such as Morocco’s tax authority and foreign exchange office. It will provide a means for CGEM to actively listen to the needs of the tech community and advocate for companies in that space to the government.
Startups participating in the program will have an opportunity to engage in CGEM events, including speed networking sessions designed to connect them with potential investors and partners. They will also be able to tap into CGEM’s extensive network of more than 90,000 members to foster collaboration that can enhance their growth.
Minister of Digital Transition and Administrative Reform Ghita Mezzour said it is important to support up-and-coming talent for the success of Morocco’s digital strategy, given that the digital sector relies heavily on skilled workers.
She noted that cloud technology and innovation are essential for enabling startups to grow rapidly and meet the global demand for talent in areas such as artificial intelligence, big data, and cybersecurity.
The “CGEM for Tech Founders” program will also promote digital exports and create Moroccan unicorns—startups valued at over a billion dollars. Various incentives, such as tax breaks, hiring bonuses, and suitable infrastructure, are being established to support the growth of startups.
Mezzour asserted that Morocco is positioning itself as a recognized tech hub internationally, citing a remarkable 250% increase in funding for startups from 2022 to 2023.
The surge in funding has helped Morocco climb 11 spots in Africa’s fundraising rankings, significantly enhancing its appeal to investors. Thanks to this initiative, Morocco is on its way to achieving its goal of establishing a vibrant tech startup ecosystem by 2030.