Access to finance | ´ Young people lack funds & connections that could help start businesses. ´ Older entrepreneurs have commitments that prevent them from taking any risk. ´ Administrative slowness characterizing access to funding prevent startups from benefiting of opportunities (Maroc Numeric Fund). ´ Institutional funding’s aversion to risk & errors results in unrealistic requirements for startups (ex: detailed full year expenses). ´ Profiles of members of the boards (ex: bankers) granting funds to startups do not match with the “enterprising mentality”, resulting in decisions unsuited. ´ In addition to offering loans on trust, Réseau Entreprendre also arranges follow-ups (monthly meetings over 3 years with a mentor) as well as access to its network. |
Access to information
| ´ While there are opportunities (ex: calls for applications, initiatives, competitions) for seed funding in Morocco, information is scattered & unorganized. ´ There is a real need for dedicated platform where all the available opportunities are advertised by the relevant parties. |