THE LEGAL FRAMEWORK OF CROWDFUNDING AS A MECHANISM FOR SUPPORTING THE ESTABLISHMENT AND DEVELOPMENT OF STARTUPS )MOROCCAN LAW AS A MODEL(

Crowdfunding is a modern method for financing startups by raising funds from the public through dedicated online platforms.This model allows entrepreneurs to obtain funding without relying on banks or traditional loans, offering them greater flexibility in developing their businesses.In Morocco, a legal framework was established in 2021 to regulate crowdfunding, ensuring transparency and protecting the rights of all parties involved.This type of financing includes various forms, such as loans, investments, and grants, offering diverse options to meet the needs of different projects.Crowdfunding supports innovation and entrepreneurship, while fostering economic growth by providing alternative funding sources for startups, creating job opportunities, and driving sustainable economic development.