With 95 million MAD raised in 2024, Morocco confirms its growing role in Africa’s innovation economy
In 2024, Morocco ranked 6ᵗʰ in Africa for startup funding, with a total of 95 million Moroccan dirhams raised—a strong signal of the country’s growing influence in the continent’s innovation landscape. At the core of this momentum is UM6P Ventures, the investment fund of University Mohammed VI Polytechnic, whose mission is to fuel innovation by supporting high-potential Moroccan startups. In just a few years, UM6P Ventures has become a strategic driver in Morocco’s ambition to become a tech-powered and innovation-led economy.
More than just a funding entity, UM6P Ventures plays a transformative role by providing entrepreneurs not only with capital but also with mentorship, access to scientific resources, and integration into a broader deeptech ecosystem. In 2024, this support contributed to an impressive 95 million MAD in startup fundraising, helping position Morocco among the most active startup ecosystems on the continent. This dynamic reflects UM6P’s larger mission: to turn knowledge into action and transform ideas into impactful, investable ventures with continental reach.
Although challenges remain—such as limited access to early-stage capital, skills shortages in emerging technologies, and fragmented support networks—the momentum is real. With initiatives like UM6P Ventures and a national push toward innovation, Morocco is clearly establishing itself as a rising hub for entrepreneurship in Africa. The country’s performance in the 2024 startup funding rankings highlights the importance of long-term investment, strategic vision, and academic-industry collaboration in building a future-ready innovation ecosystem.
based on data reported by Digital Africa Tech
Leave a Reply