Morocco jumped up 16 ranks in the StartupBlink Ecosystem Index for the year 2022, as it moved from the 95th globally last season to the 79th out of 100 listed countries.
The international report, which evaluates local ecosystems for startups, gave Morocco a total score of 0.594, ranking it 12th in the Middle East and North Africa region (MENA).
Israel came first in the region, occupying third place internationally, followed by the United Arab Emirates, South Africa, Nigeria and Kenya, Bahrain, Egypt and Jordan, in addition to the Republic of Mauritius and Saudi Arabia.
Morocco scored 0.09 in the sub-index related to the number of start-ups in the country, while the report gave it a 0.18 grade in the sub-index related to quality, and 0.32 points in the investment and legal infrastructures index.
The city of Casablanca ranked 16th in the Middle East and North Africa region, after reaching the 325th rank globally, advancing 39 places in the current annual classification compared to last year.
The city of Rabat ranked 991st globally in terms of local ecosystem for startups, as it fell by 138 places compared to the previous classification. The same applies to the city of Agadir, which fell by 167 places, to occupy the 721st place globally.
According to the report, Morocco’s startup ecosystem provides a stable, affordable base for entrepreneurs and startups wishing to target the North African market.
Given that Morocco has a talented youth base connected to modern technology, the report added, the Kingdom has the potential to become a strong center for innovation in the entire North African region.
The document pointed to the increase in the number of young Moroccans working in free technology enterprises, pointing out that the experience gained from them can be used to build the next generation of Moroccan start-up companies.
The report commended the government’s support for Moroccan entrepreneurs, through tax exemptions for a number of start-up companies, as well as the launch of several initiatives aimed at encouraging small and medium-sized companies.
Although Moroccan funding for startups has reached an all-time high, the ecosystem still faces many obstacles mainly related to economic and social challenges, notably education, healthcare and gender equality.
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