The Startup Ecosystem of Morocco
Morocco has 3 cities in the top 1000 and is one of Northern Africa’s best countries for setting up a startup.
COUNTRY RANKING
Morocco’s startup scene saw an increase in 2024 and jumped 1 spot from the previous year, outranking Trinidad and Tobago.
Population
Million
Regional Ranking
In Northern Africa
Global Ranking
Worldwide
Ecosystem
Startup Ecosystem Overview
Morocco’s startup ecosystem offers an affordable and stable base for entrepreneurs and startups looking to target the North African market. With a young and talented population focused on technology and connectivity, Morocco has the potential to become a strong innovation hub in the region. Successful exits through acquisitions like DabaDoc, Moteur, and WaystoCap have been observed. In 2023, Terra secured the highest pre-seed round funding to date, setting an inspiring benchmark for other entrepreneurs and boosting the ecosystem’s credibility. Additionally, Chari, a B2B e-commerce and retail platform, achieved a valuation of $100M, a significant milestone for the country.
To encourage the entrepreneurial spirit, Morocco hosts GITEX Africa, the region’s largest tech event, attracting SMEs, startups, coders, investors, and academics for new opportunities. Many young Moroccans are evolving into high-quality freelancers, gaining expertise from their foreign clients. With the right initiatives, this knowledge could be utilized to nurture the next generation of Moroccan startups.
Moroccan entrepreneurs have received some governmental support, with tax exemptions for startups and the Maroc PME initiative endorsing small and medium enterprises. The Government introduced the MoroccoTech initiative in 2022 to promote the digital sector, aiming to position Morocco as an international digital hub. Non-profit organization StartUp Maroc is dedicated to fostering entrepreneurship within Morocco. TechnoPark operates in four locations to aid in the creation and growth of businesses in ICT, Green Tech, and cultural industries.
Several funds cater to startups in Morocco, such as UM6P Ventures and Maroc Numeric Fund. The Innov Invest Fund, established in collaboration with entities like the World Bank and the European Union, aims to enhance financing access for SMEs and startups, positioning Morocco as a regional center for innovation. However, international investments are crucial for the growth of Morocco’s startup ecosystems. Impact Lab, located in Casablanca, is a significant hub supporting social and environmental startups.
Despite the opportunities in Morocco, the national startup ecosystem still faces obstacles such as economic and social issues, gender inequality, and inadequate startup funding and legislation. Addressing these challenges is essential for Moroccan entrepreneurs to thrive and make a meaningful impact.
Startups
Morocco Top Startup Industries
28 startups
Ecosystem HealthCheck
Morocco Ecosystem Health Check
The health check tables allow you to look at the performance Morocco has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
- Overperformance
- Performance equal to global ranking
- Underperformance
ECOSYSTEM
Browse the startup ecosystem database of Morocco
Become our Morocco Ecosystem Partner
Startup Ecosystem Charts
Startup Funding in Morocco2017 - 2024
Startup Funding in Morocco 2017 - 2024
From 2022 to 2023, startup funding in Morocco has increased by 233.61%. During this period, the number of deals in Morocco has increased by 11.43%. Since 2017, total startup funding in Morocco exceeded US$ $187.28M.
Average Funding in 2023
$1.12M
Funding in 2023
$43.77M
Deals in 2023
39
USD
Amount of Funding (USD)
Number of Deals
Ecosystem
The Startup Ecosystem in Morocco
Global Rank
Morocco is ranked within the top 100 startup ecosystems globally.
Top Industries
Morocco’s startup scene is best represented in Ecommerce & Retail, Software & Data, and in Edtech.
Top Cities for Startups in Morocco - Ranked by StartupBlink
2024 National Rank  | City | Global Rank |  | | | |
|---|---|---|---|---|---|---|
1st 0 | 359th + 22 | 0.990 | 00.00 | 00.00 | 00.00 | |
2nd + 2 | 818th new | 0.177 | 00.00 | 00.00 | 00.00 | |
3rd - 1 | 886th - 95 | 0.152 | 00.00 | 00.00 | 00.00 | |
4th - 1 | 1031st - 107 | 0.106 | 00.00 | 00.00 | 00.00 |
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