Unlocking Morocco’s Potential: The Path to an Innovation Economy

Unlocking Morocco’s Potential: The Path to an Innovation Economy

2024-04-01 15:05:34

Given its positive externalities on improving added value, employment and the attractiveness of investments, innovation has always occupied a special place in strategies relating to different areas (education, agriculture, fishing, industry , trade, energy, tourism, crafts, etc.). Objective: Create an enabling environment to unleash and exploit the full potential of innovation and make it a driver of socio-economic development capable of generating inclusive and sustainable growth.

To do this, in addition to promoting start-ups, businesses and innovative project leaders via the various support programs, Morocco has focused on research & development and the integration of innovation and development. technology in the education and training of young people.

It is in this sense that the president of the “Jil Al Ibtikar Al Maghribi” Foundation (Gen J), Tarik Haddi, indicated, in an interview with MAP, that one of the main key factors of an economy of innovation is the massive investment in the knowledge economy (schools, higher education, fundamental research centers, incentives for R&D in companies, professional training, etc.).

According to him, it is a matter of lifelong learning and training thanks to the technologies of production and dissemination of knowledge and ideas.

Mr. Haddi also indicated that the success of an innovation economy requires an institutional framework favoring competition and the protection of innovative business models, openness to the rest of the world for the capture of knowledge and good practices in innovation through international commercial competition and “flexicurity” to reduce the rigidities that hinder the processes of disruptive innovation while protecting the victims of creative destruction.

At the same time, he insisted on the importance of the development of alternative financing which finances these new, riskier business models, citing to this effect, investment capital, especially venture capital/innovation, as well as crowdfunding and stock market compartments. technological, like the Nasdaq.

What regarding the role of the private sector in the transition to an innovation economy?

The role of the private sector in this transition is fundamental, since the company is at the heart of the innovation processes, said Mr. Haddi, noting at the same time that “to succeed in our transition to an innovation economy, we must that innovation be the central matrix, the cornerstone, of all our private, but also public, strategies.”

These strategies, he continued, must fully integrate, from design to evaluation, including of course implementation, the different parties concerned, namely the State, businesses, regions. and civil society.

In this regard, Mr. Haddi explained that the “Jil Al Ibtikar Al Maghribi” (Gen J) Foundation intends to act on two main areas, namely entrepreneurial culture and public policies.

He further indicated that following the ongoing “Gen J” study on the state of innovation in Morocco, the Foundation aims to be able to develop, with experts, support and training systems for companies that wish to improve their innovation processes or develop an innovation “made in Morocco”.

And to add that a “Gen J” label is also planned to distinguish organizations (companies, administrations, schools, universities, support structures for innovative entrepreneurship, associations, etc.) which successfully adopt approaches to innovation based on local culture and resources.

In terms of public policies, the Foundation plans to formulate concrete recommendations for all stakeholders in the transition to an innovation economy, argued Mr. Haddi, stressing that a study was launched with the support of the Economic, Social and Environmental Council (CESE) to base these recommendations.

It is clear that Morocco’s transition to an innovation economy, which is more than ever a necessity, presents a series of challenges to overcome, but remains a promising avenue for achieving the objectives set within the framework of the new model. of development.

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