IMTIAZ
Imitiaz is a direct financial support program designed by the state to prop up projects of high potentialSmall and Medium Enterprisess:
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Materialized in a subsidy of up to 5 million dirham per company (donation by the state), representing 20% of the financing needs, including taxes
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Allowing SMEs to have access to bank credit
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Allowing SMEs to reach higher levels in terms of size, profitability and added value
The process is transparent and fast:
SME beneficiaries are selected following a national competition by a public-private committee
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The file is first validated by a partner bank that sends it to the National Agency for Small and Medium Enterprises
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The timing of responses and decisions are announced at the outset of each call for projects proposals
For more information about the Imtiaz program, visit the website of the National Agency for the Promotion of SMEs (ANPME)
MOUSSANADA
The objective behind Moussanada program is to improve SMEs productivity through an innovative approach allowing the company to select from a predefined list of benefits, those that meet their specific needs. These benefits, which include the integration of new technologies, consist of support:
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that targets supportive functions (strategy, business function, quality, organization, ...) and the main business activities (production processes, design, R&D, etc.).
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Materialized by a state contribution of up to MAD 1 Million
For more information on the Moussanada program, visit the website of the National Agency for the Promotion of SMEs (ANPME)
EMERGENCE INVEST
As part of the Emergence Pact strategy, the state has set up three public/private investment funds: Venture Capital, Capital Development and Capital Transmission.
The objectives of this initiative are to:
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Free many SMEs from the burden of under-capitalization that hinders their development.
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Improve the long term finance for better access to bank financing
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Enable the SMEs to benefit from expertise in terms of management (shareholder-board)
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Facilitate SMEs’ transmission and takeover operations
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Accelerate the creation of new SMEs
To begin operations, the state contributes by MAD 350 million to the creation of these financing instruments, which will present a beneficial asymmetric public/private profitability to private investors. Thus, each of the two funds will be equipped with about MAD 750 million to support companies with strong growth potential and whose turnover does not exceed MAD 100 million.
The establishment of a strong, modern, credible and competitive financial sector meets the desire to ensure a better mobilization of savings and a more efficient allocation of resources, mainly through removing the constraints that the Moroccan banking system was facing, developing the capital market and liberalizing the Treasury financing mode:
