Green Innoboost

IRESEN (Institut de Recherche en Énergie Solaire et Énergies Nouvelles [Research Institute for Solar Energy and New Energies]) launched Green Innoboost in 2018, to develop low-cost, non-complex technologies that can meet the needs of the African market and to develop the capacity to be a technology exporter to advanced economies. There was a first Green Innoboost call in 2018 and the second one in 2021. Selected applicants receive MAD 1.5 million either as a grant or as equity. If they select to receive it as a grant, they must pay royalties to IRESEN worth 1.5% of any annual revenue from the innovation supported by the grant from the third year after the first revenue and for an indefinite period. If they select to receive it as equity, they yield up to a 20% stake to IRESEN, the possible future sale of which will be used to help IRESEN finance activities in support of the Moroccan clean energy innovation ecosystem.IRESEN can facilitate access to well-equipped laboratories on its own platforms or in partner universities as well.

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