The development objective of Financing Innovative Startups and Small and Medium Enterprises Project for Morocco is to facilitate the increase of private equity and quasi-equity finance for innovative startups and small and medium enterprises in the Project Area. This project has three components. 1) The first component, Financing Program, will target the following funding categories: angel/seed, early-stage, and VC stage. It has the following subcomponents: (i) Angel/Seed financing(s); and (ii) Early stage/VC fund(s). 2) The second component, Ecosystem Support, will support organizations within the entrepreneurship ecosystem in the project area to stimulate new innovative enterprises. It has the following subcomponents: (i) Pre-seed Grants; (ii) Soft Loans; and (iii) Entrepreneurship Support. 3) The third component, Project Management, Coordination, and Monitoring and Evaluation, will fund the Project Management Unit (PMU) and all of its incremental eligible operational and administrative costs for the management and supervision of the project over the project life (six years).