CDG Invest, the investment arm of the “Caisse de Dépôts et de Gestion” Group (CDG), launched on Thursday in Casablanca, the “212 Founders” program, an initiative that aims to attract Moroccan skills towards entrepreneurship and to bring out startups of global dimension from Morocco.
The “212 Founders” program is part of the deployment of the new strategy of the CDG, which has set as a priority objective the development and upgrading of the Moroccan productive fabric. Speaking at the launch ceremony of this program, the Minister of Industry, Investment, Trade and Digital Economy, Moulay Hafid Elalamy, said that “212 Founders” is an initiative that aims to support the creation and growth of start-ups in Morocco, through an integrated support and financing system.
“Our companies, and in particular our startups, will definitely have to be part of this movement of hyper-global innovation, profound transformation and entrepreneurship revolution,” he said. For his part, CDG’s Director General, Abdellatif Zaghnoun, noted that this initiative stands as a vector for strategic investment in development projects in line with the challenges of the Kingdom.
“A total of 20 startups out of nearly a thousand applicants have been selected to participate in this program. It is a craze that has pleasantly surprised us and that draws on the entrepreneurial dynamism of Moroccan youth and the relevance of the positioning of the 212 Founders program,” he said.