Green InnoBoost programme

Country / jurisdiction: Morocco · Year: 2018 · Status: In force · Level: National · Type: Voluntary

Since Morocco published its National Energy Strategy and established IRESEN to build Morocco’s clean energy innovation capabilities, IRESEN has shifted from supporting only R&D and laboratory infrastructure to also helping the potential products from the R&D projects to reach markets. Objectives of the National Energy Strategy include:

Develop low-cost, non‑complex technologies that can meet the needs of the African market.

Develop the capacity to be a technology exporter to advanced economies.

These objectives contribute to the overarching desires to contribute to Moroccan economic prosperity by fostering local wealth creation and to quicken Morocco’s energy transition (including the target of 52% renewables in the electricity mix by 2030) by building local capabilities and reducing reliance on technology imports.

Green Innoboost is one of two categories of programme run by IRESEN since 2018. The other is Green Inno-project, which targets earlier-stage R&D projects (TRL>3). IRESEN refreshed the format of Green Innoboost in 2021; this case study reflects the new system, called Green Innoboost 2.0.

In 2021, Morocco’s renewable energy innovation institute, IRESEN, refreshed its Green InnoBoost programme. It gave awardees the choice of receiving finance as a grant (with a requirement to pay royalties from resulting innovations) or as equity (whereby the future sale of up to a 20% stake could help IRESEN finance future activities).

Official source: https://www.iresen.org