Morocco-France: Bpifrance and InnovX sign a strategic partnership

Bpifrance, a public investment bank, and InnovX, a multi-sector company committed to the development of innovative and sustainable companies and ecosystems, announced this Friday, April 26, 2024, the signing of a Memorandum of Understanding aimed at strengthening cooperation on strategic projects in key sectors in France and Morocco, allowing to respond to the challenges of industrial decarbonization, energy transition and strengthening of agricultural value chains.

This ceremony took place in the presence of Nadia Fettah Alaoui, Minister of Economy and Finance of Morocco, and Bruno Lemaire, Minister of Economy, Finance and Industrial and Digital Sovereignty of France.

This partnership, which is fully in line with the strategic plans of InnovX and Bpifrance, aims to support, through the use of financing, investment instruments and Bpifrance guarantees, strategic projects developed by InnovX in collaboration with French companies.

Furthermore, this collaboration offers the opportunity to establish co-investment mechanisms to strengthen value chains and ecosystems, especially in the areas of innovation and deep tech, and agricultural value chains.
In addition, by relying on Bpifrance’s expertise in the field of innovation financing and on InnovX’s know-how in the field of business and ecosystem development, it will make it possible to stimulate the entrepreneurial ecosystem and the emergence of encourage innovative projects with high growth potential.

“Our strategic partnership with Bpifrance reflects our shared commitment to respond to the challenges of industrial decarbonization, energy transition and strengthening agricultural value chains. This collaboration marks an important step in realizing our vision and ambition to develop innovative and sustainable companies and ecosystems,” said Youssef El Bari, CEO of InnovX.

“This partnership, with a leading player with whom we share the same ambition and vision, will allow us to accelerate the strengthening of agricultural value chains and respond to the challenges of security and food sovereignty on our continent,” Younes Addou testified. vice president of Agribusiness & Sustainability Solutions at InnovX.

Olivier Vincent, Executive Director responsible for exports at Bpifrance, comments: “The signing of this partnership between Bpifrance and InnovX illustrates a new era of cooperation between France and Morocco, focused on the strategic sectors of tomorrow. Industrialization, decarbonization and resource optimization represent common challenges that promote high value-added partnerships between InnovX and French companies.”

Isabelle Bébéar, Director of International and European Affairs at Bpifrance, adds: “It is particularly relevant to develop strategic projects between France and Morocco, using our respective areas of expertise, in particular investment and innovation, and that is the whole significance of this initiative. partnership. By focusing on concrete programs related to renewable energy in agri-agriculture and industry, we promote the connectivity of our ecosystems for the benefit of our companies.”