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Monday, June 24, 2024

Forsa Program Grants First Funds

The first funding committees of the Forsa program, held in several regions, have issued their first agreements for project holders who have completed their support and prepare their funding applications, announced the Ministry of Tourism, Handicrafts and Social Economy and Solidarity.

The next few weeks will be devoted to accelerating the pace in order to finance 10,000 projects before the end of 2022, said the ministry in a statement.

As such, the selection stages, namely the “scoring” of files, interviews and passage in regional selection committees, have reached an advanced stage and will be completed in the coming weeks, said the ministry, noting that the last few months will be devoted exclusively to the support and funding of projects.

The selection stages identify the project leaders who will benefit from e-learning training and incubation. These stages are essential to prepare the financing file, including the business plan and the administrative files, necessary for the passage in financing commission.

To date, 10,438 learners are “onboarded” on the e-learning platform “Forsa Academy”. Of the 5,070 projects that have already completed their training, 1,750 are being supported by incubator experts to prepare their financing applications.

In addition, 850 other projects have begun the incubation of 2.5 months, notes the same source, stating that the project holders concerned by this incubation are divided into groups in all regions, and receive close support to transform their idea into a project or to transform an existing project into a successful business.

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