Practical informations / Guarantee fund / Innovation ITC

Support Fund for Innovation in the Information Technology and Communication Sector (ITC)

Object of Fund:

Joint-financing innovative projects designed by companies in the Information Technology and Communication sector (ITC);

Eligible companies

• companies set up under Moroccan law operating in the ITC sector, with activities classified under the Moroccan economic activity classification;
• companies submitting an innovative project relating to the ITC sector;
• companies with a 3-year minimum period of activity on the date of application for joint-financing at the Central Guarantee Fund;
• Companies not subject to bailout or liquidation.

Conditions regarding the Fund

• Financing amount: 50% of project cost within the limit of MAD 2,000,000.
  The remaining 50% to be self-financed or financed with stock capital;

• Repayment period: 6 years with a maximum of 3 years deferred;
• Interest rate: 2% per year (without VAT)
• Study fee: MAD 5,000 (without VAT)
  
  A beneficiary company must repay its loan fully before being eligible for a new loan.

Submitting and processing files:

Companies must forward applications including files on projects proposed directly to the Central Guarantee Fund.

Timeline for processing applications

21 working days maximum from the date application files are received