{"id":9984,"date":"2025-10-25T02:02:12","date_gmt":"2025-10-25T00:02:12","guid":{"rendered":"https:\/\/mnf.ma\/faq\/"},"modified":"2025-11-20T13:01:19","modified_gmt":"2025-11-20T12:01:19","slug":"faq","status":"publish","type":"page","link":"https:\/\/mnf.ma\/en\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"9984\" class=\"elementor elementor-9984\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8041928 e-con-full e-flex e-con e-parent\" data-id=\"8041928\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-5354a63 e-flex e-con-boxed e-con e-child\" data-id=\"5354a63\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-69ba657 elementor-widget elementor-widget-ld_accordion\" data-id=\"69ba657\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ld_accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t<div class=\"accordion accordion-title-bordered accordion-lg accordion-side-spacing accordion-title-bg-transparent accordion-title-round accordion-active-has-fill\" id=\"accordion-69d046ac9bf88\" role=\"tablist\" aria-multiselectable=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"accordion-item panel  active\">\n\n\t\t\t\t<div class=\"accordion-heading\" role=\"tab\" id=\"heading-1101\">\n\t\t\t\t<h4 class=\"accordion-title  tabindex=\"-1\">\t\t\t\t\t<a class=\"\" role=\"button\" data-toggle=\"collapse\" data-bs-toggle=\"collapse\"\n                    tabindex=\"0\"\n\t\t\t\t\tdata-parent=\"#accordion-69d046ac9bf88\" data-bs-parent=\"#accordion-69d046ac9bf88\" href=\"#collapse-1101\" data-target=\"#collapse-1101\" data-bs-target=\"#collapse-1101\"\n\t\t\t\t\taria-expanded=\"true\" aria-controls=\"collapse-1101\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-title-txt\">In which sectors is MNF Ventures investing?<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-expander\"><i class=\"lqd-icn-ess icon-ion-ios-add\"><\/i><i class=\"lqd-icn-ess icon-ion-ios-remove\"><\/i><\/span>\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/h4>\t\t\t\t<\/div>\n\n\t\t\t\t<div id=\"collapse-1101\" class=\"accordion-collapse collapse  show\" data-bs-parent=\"#accordion-69d046ac9bf88\" role=\"tabpanel\" aria-labelledby=\"heading-1101\">\n\n\t\t\t\t<div class=\"accordion-content\">\n\t\t\t\t\t<p>We invest in innovative startups operating in the information and communication technology sector with high growth potential. The project must present a form of innovation in relation to the national industry, but this may also lie in the technology, the business model, the marketing method or the very nature of the use of the product or service.<\/p><p>MNF Ventures reserves up to a maximum of 20% of its capital for other innovative sectors (e.g. biotechnology, green technologies, etc.).<\/p><p>We do not consider projects mainly dedicated to e-commerce, distributors, importers or training or technological consulting firms.<\/p><p>We also do not consider projects in competition with startups in our portfolio.<\/p>\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\n\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"accordion-item panel \">\n\n\t\t\t\t<div class=\"accordion-heading\" role=\"tab\" id=\"heading-1102\">\n\t\t\t\t<h4 class=\"accordion-title  tabindex=\"-1\">\t\t\t\t\t<a class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-bs-toggle=\"collapse\"\n                    tabindex=\"0\"\n\t\t\t\t\tdata-parent=\"#accordion-69d046ac9bf88\" data-bs-parent=\"#accordion-69d046ac9bf88\" href=\"#collapse-1102\" data-target=\"#collapse-1102\" data-bs-target=\"#collapse-1102\"\n\t\t\t\t\taria-expanded=\"false\" aria-controls=\"collapse-1102\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-title-txt\">In which country does MNF Venturesd invest?<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-expander\"><i class=\"lqd-icn-ess icon-ion-ios-add\"><\/i><i class=\"lqd-icn-ess icon-ion-ios-remove\"><\/i><\/span>\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/h4>\t\t\t\t<\/div>\n\n\t\t\t\t<div id=\"collapse-1102\" class=\"accordion-collapse collapse \" data-bs-parent=\"#accordion-69d046ac9bf88\" role=\"tabpanel\" aria-labelledby=\"heading-1102\">\n\n\t\t\t\t<div class=\"accordion-content\">\n\t\t\t\t\t<div id=\"1549552760006-aeae8340-d31d\" class=\"vc_tta-panel vc_active\" data-vc-content=\".vc_tta-panel-body\"><div class=\"vc_tta-panel-body\"><div class=\"wpb_text_column wpb_content_element\"><div class=\"wpb_wrapper\"><div class=\"vc_tta-panel-body\"><div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\"><div id=\"1549552760006-aeae8340-d31d\" class=\"vc_tta-panel vc_active\" data-vc-content=\".vc_tta-panel-body\"><div class=\"vc_tta-panel-body\"><div class=\"wpb_text_column wpb_content_element\"><div class=\"wpb_wrapper\"><div class=\"vc_tta-panel-body\"><div class=\"wpb_text_column wpb_content_element \"><div class=\"wpb_wrapper\">MNF Ventures invests in companies headquartered in Morocco, as well as in companies based abroad, if at least one of the founders is of Moroccan nationality.<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div id=\"1549552836952-52048acd-2195\" class=\"vc_tta-panel\" data-vc-content=\".vc_tta-panel-body\"><div class=\"vc_tta-panel-heading\"><h4 class=\"vc_tta-panel-title vc_tta-controls-icon-position-left\">\u00a0<\/h4><\/div><\/div>\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\n\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"accordion-item panel \">\n\n\t\t\t\t<div class=\"accordion-heading\" role=\"tab\" id=\"heading-1103\">\n\t\t\t\t<h4 class=\"accordion-title  tabindex=\"-1\">\t\t\t\t\t<a class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-bs-toggle=\"collapse\"\n                    tabindex=\"0\"\n\t\t\t\t\tdata-parent=\"#accordion-69d046ac9bf88\" data-bs-parent=\"#accordion-69d046ac9bf88\" href=\"#collapse-1103\" data-target=\"#collapse-1103\" data-bs-target=\"#collapse-1103\"\n\t\t\t\t\taria-expanded=\"false\" aria-controls=\"collapse-1103\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-title-txt\">How long does it take to evaluate an investment project ?<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-expander\"><i class=\"lqd-icn-ess icon-ion-ios-add\"><\/i><i class=\"lqd-icn-ess icon-ion-ios-remove\"><\/i><\/span>\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/h4>\t\t\t\t<\/div>\n\n\t\t\t\t<div id=\"collapse-1103\" class=\"accordion-collapse collapse \" data-bs-parent=\"#accordion-69d046ac9bf88\" role=\"tabpanel\" aria-labelledby=\"heading-1103\">\n\n\t\t\t\t<div class=\"accordion-content\">\n\t\t\t\t\t<div id=\"1549552836952-52048acd-2195\" class=\"vc_tta-panel vc_active\" data-vc-content=\".vc_tta-panel-body\"><div class=\"vc_tta-panel-body\"><div class=\"wpb_text_column wpb_content_element\"><div class=\"wpb_wrapper\"><p>After submitting the application form via our website, we will respond to the founder(s) within 10 days maximum.<\/p><p>If the application complies with MNF\u2019s investment strategy, a meeting is scheduled with the founder(s) to find out more about the project. Otherwise, an email is sent to the founder(s) to explain the reasons for the refusal.<\/p><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\n\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"accordion-item panel \">\n\n\t\t\t\t<div class=\"accordion-heading\" role=\"tab\" id=\"heading-1104\">\n\t\t\t\t<h4 class=\"accordion-title  tabindex=\"-1\">\t\t\t\t\t<a class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-bs-toggle=\"collapse\"\n                    tabindex=\"0\"\n\t\t\t\t\tdata-parent=\"#accordion-69d046ac9bf88\" data-bs-parent=\"#accordion-69d046ac9bf88\" href=\"#collapse-1104\" data-target=\"#collapse-1104\" data-bs-target=\"#collapse-1104\"\n\t\t\t\t\taria-expanded=\"false\" aria-controls=\"collapse-1104\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-title-txt\">At which stage of the company\u2019s development does MNF intervene ?<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-expander\"><i class=\"lqd-icn-ess icon-ion-ios-add\"><\/i><i class=\"lqd-icn-ess icon-ion-ios-remove\"><\/i><\/span>\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/h4>\t\t\t\t<\/div>\n\n\t\t\t\t<div id=\"collapse-1104\" class=\"accordion-collapse collapse \" data-bs-parent=\"#accordion-69d046ac9bf88\" role=\"tabpanel\" aria-labelledby=\"heading-1104\">\n\n\t\t\t\t<div class=\"accordion-content\">\n\t\t\t\t\t<p>In the early stage phase, MNF Ventures invests in start-ups that already have a product ready for commercialization, and have already had a market validation through first sales.<\/p><p>Ideally, the startup should have received financial support from other programs (such as Innov Idea or Innov Start) or business angels beforehand, to ensure the promoters\u2019 management capacity during the launch phases of their projects.<\/p><p>In the venture capital phase, MNF Ventures invests in innovative start-ups less than 5 years old, which have demonstrated significant revenue growth and require an additional investment to finance their growth in Morocco and abroad.<\/p>\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\n\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"accordion-item panel \">\n\n\t\t\t\t<div class=\"accordion-heading\" role=\"tab\" id=\"heading-1105\">\n\t\t\t\t<h4 class=\"accordion-title  tabindex=\"-1\">\t\t\t\t\t<a class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-bs-toggle=\"collapse\"\n                    tabindex=\"0\"\n\t\t\t\t\tdata-parent=\"#accordion-69d046ac9bf88\" data-bs-parent=\"#accordion-69d046ac9bf88\" href=\"#collapse-1105\" data-target=\"#collapse-1105\" data-bs-target=\"#collapse-1105\"\n\t\t\t\t\taria-expanded=\"false\" aria-controls=\"collapse-1105\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-title-txt\">Quel pourcentage d'investissement MNF souhaite d\u00e9tenir ?<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-expander\"><i class=\"lqd-icn-ess icon-ion-ios-add\"><\/i><i class=\"lqd-icn-ess icon-ion-ios-remove\"><\/i><\/span>\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/h4>\t\t\t\t<\/div>\n\n\t\t\t\t<div id=\"collapse-1105\" class=\"accordion-collapse collapse \" data-bs-parent=\"#accordion-69d046ac9bf88\" role=\"tabpanel\" aria-labelledby=\"heading-1105\">\n\n\t\t\t\t<div class=\"accordion-content\">\n\t\t\t\t\t<p>MNF agit en tant qu\u2019actionnaire minoritaire mais significatif dans le capital. Le fonds si\u00e8ge dans les organes de gouvernance des soci\u00e9t\u00e9s investies (conseil d\u2019administration\u2026) sans pour autant \u00eatre impliqu\u00e9 dans la gestion op\u00e9rationnelle courante. Le pourcentage d\u00e9tenu d\u00e9pendra du niveau de d\u00e9veloppement de la soci\u00e9t\u00e9 et du montant investi.<\/p>\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\n\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"accordion-item panel \">\n\n\t\t\t\t<div class=\"accordion-heading\" role=\"tab\" id=\"heading-1106\">\n\t\t\t\t<h4 class=\"accordion-title  tabindex=\"-1\">\t\t\t\t\t<a class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-bs-toggle=\"collapse\"\n                    tabindex=\"0\"\n\t\t\t\t\tdata-parent=\"#accordion-69d046ac9bf88\" data-bs-parent=\"#accordion-69d046ac9bf88\" href=\"#collapse-1106\" data-target=\"#collapse-1106\" data-bs-target=\"#collapse-1106\"\n\t\t\t\t\taria-expanded=\"false\" aria-controls=\"collapse-1106\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-title-txt\">What percentage of investment does MNF wish to hold ?<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-expander\"><i class=\"lqd-icn-ess icon-ion-ios-add\"><\/i><i class=\"lqd-icn-ess icon-ion-ios-remove\"><\/i><\/span>\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/h4>\t\t\t\t<\/div>\n\n\t\t\t\t<div id=\"collapse-1106\" class=\"accordion-collapse collapse \" data-bs-parent=\"#accordion-69d046ac9bf88\" role=\"tabpanel\" aria-labelledby=\"heading-1106\">\n\n\t\t\t\t<div class=\"accordion-content\">\n\t\t\t\t\t<div id=\"1549552896941-22bd1968-d512\" class=\"vc_tta-panel vc_active\" data-vc-content=\".vc_tta-panel-body\"><div class=\"vc_tta-panel-body\"><div class=\"wpb_text_column wpb_content_element\"><div class=\"wpb_wrapper\"><p>MNF acts as a minority but significant shareholder in the capital. The fund participates in the governance bodies of the invested companies (board of directors, etc.) without being involved in day-to-day operational management. The percentage held will depend on the company\u2019s level of development and the amount invested.<\/p><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\n\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"accordion-item panel \">\n\n\t\t\t\t<div class=\"accordion-heading\" role=\"tab\" id=\"heading-1107\">\n\t\t\t\t<h4 class=\"accordion-title  tabindex=\"-1\">\t\t\t\t\t<a class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-bs-toggle=\"collapse\"\n                    tabindex=\"0\"\n\t\t\t\t\tdata-parent=\"#accordion-69d046ac9bf88\" data-bs-parent=\"#accordion-69d046ac9bf88\" href=\"#collapse-1107\" data-target=\"#collapse-1107\" data-bs-target=\"#collapse-1107\"\n\t\t\t\t\taria-expanded=\"false\" aria-controls=\"collapse-1107\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-title-txt\">How is MNF supporting the companies in its portfolio ?<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-expander\"><i class=\"lqd-icn-ess icon-ion-ios-add\"><\/i><i class=\"lqd-icn-ess icon-ion-ios-remove\"><\/i><\/span>\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/h4>\t\t\t\t<\/div>\n\n\t\t\t\t<div id=\"collapse-1107\" class=\"accordion-collapse collapse \" data-bs-parent=\"#accordion-69d046ac9bf88\" role=\"tabpanel\" aria-labelledby=\"heading-1107\">\n\n\t\t\t\t<div class=\"accordion-content\">\n\t\t\t\t\t<div id=\"1549552947677-4dca64ee-eaf3\" class=\"vc_tta-panel vc_active\" data-vc-content=\".vc_tta-panel-body\"><div class=\"vc_tta-panel-body\"><div class=\"wpb_text_column wpb_content_element\"><div class=\"wpb_wrapper\"><p>MNF Ventures\u2019s management team does not only invest in capital in a company: it invests its time, its knowledge and its network at the service of entrepreneurs. MNF Ventures is systematically represented in the company\u2019s corporate boards to participate in the development of the strategy and development plan, provide advice to entrepreneurs and participate in the monitoring of entrepreneurs.<\/p><p>MNF provides its management teams with the benefit of its network of operational experts in the accounting, legal and regulatory fields and mobilizes a vast network of experts and experienced players in the industry, particularly through the richness of the Moroccan entrepreneurial eco-system.<\/p><p>Finally, MNF also supports the management teams in their investment and development projects and in particular in accessing the following financing rounds.<\/p><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\n\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"accordion-item panel \">\n\n\t\t\t\t<div class=\"accordion-heading\" role=\"tab\" id=\"heading-1108\">\n\t\t\t\t<h4 class=\"accordion-title  tabindex=\"-1\">\t\t\t\t\t<a class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-bs-toggle=\"collapse\"\n                    tabindex=\"0\"\n\t\t\t\t\tdata-parent=\"#accordion-69d046ac9bf88\" data-bs-parent=\"#accordion-69d046ac9bf88\" href=\"#collapse-1108\" data-target=\"#collapse-1108\" data-bs-target=\"#collapse-1108\"\n\t\t\t\t\taria-expanded=\"false\" aria-controls=\"collapse-1108\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-title-txt\">What is MNF\u2019s investment timeline ?<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-expander\"><i class=\"lqd-icn-ess icon-ion-ios-add\"><\/i><i class=\"lqd-icn-ess icon-ion-ios-remove\"><\/i><\/span>\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/h4>\t\t\t\t<\/div>\n\n\t\t\t\t<div id=\"collapse-1108\" class=\"accordion-collapse collapse \" data-bs-parent=\"#accordion-69d046ac9bf88\" role=\"tabpanel\" aria-labelledby=\"heading-1108\">\n\n\t\t\t\t<div class=\"accordion-content\">\n\t\t\t\t\t<div id=\"1549552947677-4dca64ee-eaf3\" class=\"vc_tta-panel vc_active\" data-vc-content=\".vc_tta-panel-body\"><div class=\"vc_tta-panel-body\"><div class=\"wpb_text_column wpb_content_element\"><div class=\"wpb_wrapper\"><p>MNF Ventures intends to be present and active with the company for at least several years (2 to 7 years).<\/p><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\n\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"accordion-item panel \">\n\n\t\t\t\t<div class=\"accordion-heading\" role=\"tab\" id=\"heading-1109\">\n\t\t\t\t<h4 class=\"accordion-title  tabindex=\"-1\">\t\t\t\t\t<a class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-bs-toggle=\"collapse\"\n                    tabindex=\"0\"\n\t\t\t\t\tdata-parent=\"#accordion-69d046ac9bf88\" data-bs-parent=\"#accordion-69d046ac9bf88\" href=\"#collapse-1109\" data-target=\"#collapse-1109\" data-bs-target=\"#collapse-1109\"\n\t\t\t\t\taria-expanded=\"false\" aria-controls=\"collapse-1109\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-title-txt\">How much are you investing?<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-expander\"><i class=\"lqd-icn-ess icon-ion-ios-add\"><\/i><i class=\"lqd-icn-ess icon-ion-ios-remove\"><\/i><\/span>\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/h4>\t\t\t\t<\/div>\n\n\t\t\t\t<div id=\"collapse-1109\" class=\"accordion-collapse collapse \" data-bs-parent=\"#accordion-69d046ac9bf88\" role=\"tabpanel\" aria-labelledby=\"heading-1109\">\n\n\t\t\t\t<div class=\"accordion-content\">\n\t\t\t\t\t<div id=\"1549552996445-c9ffb284-e27a\" class=\"vc_tta-panel vc_active\" data-vc-content=\".vc_tta-panel-body\"><div class=\"vc_tta-panel-body\"><div class=\"wpb_text_column wpb_content_element\"><div class=\"wpb_wrapper\"><ul><li>In the early stage phase, the investment ticket is between 1 and 4 million DH.<\/li><li>In the venture capital phase, this ticket goes from 4 to 10 million DH.<\/li><\/ul><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\n\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"accordion-item panel \">\n\n\t\t\t\t<div class=\"accordion-heading\" role=\"tab\" id=\"heading-11010\">\n\t\t\t\t<h4 class=\"accordion-title  tabindex=\"-1\">\t\t\t\t\t<a class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-bs-toggle=\"collapse\"\n                    tabindex=\"0\"\n\t\t\t\t\tdata-parent=\"#accordion-69d046ac9bf88\" data-bs-parent=\"#accordion-69d046ac9bf88\" href=\"#collapse-11010\" data-target=\"#collapse-11010\" data-bs-target=\"#collapse-11010\"\n\t\t\t\t\taria-expanded=\"false\" aria-controls=\"collapse-11010\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-title-txt\">Who are MNF\u2019s investors ?<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-expander\"><i class=\"lqd-icn-ess icon-ion-ios-add\"><\/i><i class=\"lqd-icn-ess icon-ion-ios-remove\"><\/i><\/span>\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/h4>\t\t\t\t<\/div>\n\n\t\t\t\t<div id=\"collapse-11010\" class=\"accordion-collapse collapse \" data-bs-parent=\"#accordion-69d046ac9bf88\" role=\"tabpanel\" aria-labelledby=\"heading-11010\">\n\n\t\t\t\t<div class=\"accordion-content\">\n\t\t\t\t\t<p>Maroc Numercic Fund\u2019s shareholders are all financial or public institutions: Caisse Centrale de Garantie (through Innov Invest), Attijariwafa Bank, Banque Centrale Populaire, BMCE Bank and MITC, the company managing the Technoparks in Morocco.<\/p>\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\n\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"accordion-item panel \">\n\n\t\t\t\t<div class=\"accordion-heading\" role=\"tab\" id=\"heading-11011\">\n\t\t\t\t<h4 class=\"accordion-title  tabindex=\"-1\">\t\t\t\t\t<a class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-bs-toggle=\"collapse\"\n                    tabindex=\"0\"\n\t\t\t\t\tdata-parent=\"#accordion-69d046ac9bf88\" data-bs-parent=\"#accordion-69d046ac9bf88\" href=\"#collapse-11011\" data-target=\"#collapse-11011\" data-bs-target=\"#collapse-11011\"\n\t\t\t\t\taria-expanded=\"false\" aria-controls=\"collapse-11011\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-title-txt\">What are the different steps to obtain funding ?<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-expander\"><i class=\"lqd-icn-ess icon-ion-ios-add\"><\/i><i class=\"lqd-icn-ess icon-ion-ios-remove\"><\/i><\/span>\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/h4>\t\t\t\t<\/div>\n\n\t\t\t\t<div id=\"collapse-11011\" class=\"accordion-collapse collapse \" data-bs-parent=\"#accordion-69d046ac9bf88\" role=\"tabpanel\" aria-labelledby=\"heading-11011\">\n\n\t\t\t\t<div class=\"accordion-content\">\n\t\t\t\t\t<p>The first step is to fill in the form on our website with a presentation of your project.<\/p><p>Within 10 days maximum, you will receive a response. If the project is in line with MNF\u2019s investment strategy, we will propose a meeting to learn more about the project. Otherwise, an e-mail will be sent to you explaining the reasons for the refusal.<\/p><p>The project is then studied in depth by the management team. We are frequently called upon to develop a project even before our entry, whether it is a matter of strategy, positioning or completing a team of founders. If the interest is confirmed, we establish a business plan for the project together.<\/p><p>Following this, the founder(s) will be required to present the project to the members of the Investment Committee, which will take a decision in the following days, formalized by a letter of intent, if this decision is positive. This letter proposes a valuation and sets out the future relationships, the additional steps to be taken, the timetable until the transaction is done.<\/p><p>An acquisition audit (due diligence) will then be carried out as well as the drafting of legal documentation (shareholders\u2019 agreement, etc.) establishing the relationship between the founder(s) and the fund.<\/p><p>Once all these steps have been completed, the funds can be released.<\/p><p>From start to finish, and if everything goes according to plan, these operations last an average of 4 months. Any fundraising must therefore be well anticipated<\/p>\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\n\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"accordion-item panel \">\n\n\t\t\t\t<div class=\"accordion-heading\" role=\"tab\" id=\"heading-11012\">\n\t\t\t\t<h4 class=\"accordion-title  tabindex=\"-1\">\t\t\t\t\t<a class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-bs-toggle=\"collapse\"\n                    tabindex=\"0\"\n\t\t\t\t\tdata-parent=\"#accordion-69d046ac9bf88\" data-bs-parent=\"#accordion-69d046ac9bf88\" href=\"#collapse-11012\" data-target=\"#collapse-11012\" data-bs-target=\"#collapse-11012\"\n\t\t\t\t\taria-expanded=\"false\" aria-controls=\"collapse-11012\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-title-txt\">How are you different from other funds ?<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-expander\"><i class=\"lqd-icn-ess icon-ion-ios-add\"><\/i><i class=\"lqd-icn-ess icon-ion-ios-remove\"><\/i><\/span>\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/h4>\t\t\t\t<\/div>\n\n\t\t\t\t<div id=\"collapse-11012\" class=\"accordion-collapse collapse \" data-bs-parent=\"#accordion-69d046ac9bf88\" role=\"tabpanel\" aria-labelledby=\"heading-11012\">\n\n\t\t\t\t<div class=\"accordion-content\">\n\t\t\t\t\t<p>MNF is the only fund dedicated to technology startups in Morocco. As a specialized fund, it has been able to develop a fine expertise in the field, and has been able to work with a number of successful startups in Morocco.<\/p><p>In addition, and thanks to the quality of its shareholding, MNF provides an institutionalization of the round table of invested startups, and significant support for the conquest of other international markets.<\/p>\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\n\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"accordion-item panel \">\n\n\t\t\t\t<div class=\"accordion-heading\" role=\"tab\" id=\"heading-11013\">\n\t\t\t\t<h4 class=\"accordion-title  tabindex=\"-1\">\t\t\t\t\t<a class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-bs-toggle=\"collapse\"\n                    tabindex=\"0\"\n\t\t\t\t\tdata-parent=\"#accordion-69d046ac9bf88\" data-bs-parent=\"#accordion-69d046ac9bf88\" href=\"#collapse-11013\" data-target=\"#collapse-11013\" data-bs-target=\"#collapse-11013\"\n\t\t\t\t\taria-expanded=\"false\" aria-controls=\"collapse-11013\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-title-txt\">What are your most important criteria?<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-expander\"><i class=\"lqd-icn-ess icon-ion-ios-add\"><\/i><i class=\"lqd-icn-ess icon-ion-ios-remove\"><\/i><\/span>\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/h4>\t\t\t\t<\/div>\n\n\t\t\t\t<div id=\"collapse-11013\" class=\"accordion-collapse collapse \" data-bs-parent=\"#accordion-69d046ac9bf88\" role=\"tabpanel\" aria-labelledby=\"heading-11013\">\n\n\t\t\t\t<div class=\"accordion-content\">\n\t\t\t\t\t<div class=\"vc_tta-container\" data-vc-action=\"collapse\"><div class=\"vc_general vc_tta vc_tta-accordion vc_tta-color-vista-blue vc_tta-style-classic vc_tta-shape-rounded vc_tta-o-shape-group vc_tta-controls-align-default custom_collaps\"><div class=\"vc_tta-panels-container\"><div class=\"vc_tta-panels\"><div id=\"1549553161346-386d8622-2292\" class=\"vc_tta-panel vc_active\" data-vc-content=\".vc_tta-panel-body\"><div class=\"vc_tta-panel-body\"><div class=\"wpb_text_column wpb_content_element\"><div class=\"wpb_wrapper\"><p>Among the most decisive criteria:<\/p><ul><li>The quality of the founding team<\/li><li>The size and potential of the target market<\/li><li>Barriers to entry in all its forms (technological\u2026)<\/li><li>The competitive value proposition<\/li><li>Possibilities of exit for the fund<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\n\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"accordion-item panel \">\n\n\t\t\t\t<div class=\"accordion-heading\" role=\"tab\" id=\"heading-11014\">\n\t\t\t\t<h4 class=\"accordion-title  tabindex=\"-1\">\t\t\t\t\t<a class=\"collapsed\" role=\"button\" data-toggle=\"collapse\" data-bs-toggle=\"collapse\"\n                    tabindex=\"0\"\n\t\t\t\t\tdata-parent=\"#accordion-69d046ac9bf88\" data-bs-parent=\"#accordion-69d046ac9bf88\" href=\"#collapse-11014\" data-target=\"#collapse-11014\" data-bs-target=\"#collapse-11014\"\n\t\t\t\t\taria-expanded=\"false\" aria-controls=\"collapse-11014\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-title-txt\">Mode of operation<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"accordion-expander\"><i class=\"lqd-icn-ess icon-ion-ios-add\"><\/i><i class=\"lqd-icn-ess icon-ion-ios-remove\"><\/i><\/span>\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/h4>\t\t\t\t<\/div>\n\n\t\t\t\t<div id=\"collapse-11014\" class=\"accordion-collapse collapse \" data-bs-parent=\"#accordion-69d046ac9bf88\" role=\"tabpanel\" aria-labelledby=\"heading-11014\">\n\n\t\t\t\t<div class=\"accordion-content\">\n\t\t\t\t\t<div class=\"vc_tta-container\" data-vc-action=\"collapse\"><div class=\"vc_general vc_tta vc_tta-accordion vc_tta-color-vista-blue vc_tta-style-classic vc_tta-shape-rounded vc_tta-o-shape-group vc_tta-controls-align-default custom_collaps\"><div class=\"vc_tta-panels-container\"><div class=\"vc_tta-panels\"><div id=\"1549553161346-386d8622-2292\" class=\"vc_tta-panel vc_active\" data-vc-content=\".vc_tta-panel-body\"><div class=\"vc_tta-panel-body\"><div class=\"wpb_text_column wpb_content_element\"><div class=\"wpb_wrapper\"><p>MNF Ventures takes a minority but significant stake in the capital during the first round of financing. It may supplement its investment with a contribution in the shareholders\u2019 current account or in convertible bonds. The fund invests only in companies that have or intend to have the status of PLC (Public Limited Company) where it actively participates in the company\u2019s corporate boards.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\n\t\t\t<\/div>\n\t\t\t\t\t\t\n\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>In which country does MNF Venturesd invest? MNF Ventures invests in companies headquartered in Morocco, as well as in companies based abroad, if at least one of the founders is of Moroccan nationality. \u00a0 At which stage of the company\u2019s development does MNF intervene ? In the early stage phase, MNF Ventures invests in start-ups [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-9984","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/mnf.ma\/en\/wp-json\/wp\/v2\/pages\/9984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mnf.ma\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mnf.ma\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mnf.ma\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mnf.ma\/en\/wp-json\/wp\/v2\/comments?post=9984"}],"version-history":[{"count":39,"href":"https:\/\/mnf.ma\/en\/wp-json\/wp\/v2\/pages\/9984\/revisions"}],"predecessor-version":[{"id":11302,"href":"https:\/\/mnf.ma\/en\/wp-json\/wp\/v2\/pages\/9984\/revisions\/11302"}],"wp:attachment":[{"href":"https:\/\/mnf.ma\/en\/wp-json\/wp\/v2\/media?parent=9984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}