The Algerian Commission for the Organization and Supervision of Stock Exchange Operations (Cosob) has reaffirmed its commitment to supporting economic operators who wish to invest in start-ups and innovative projects through alternative financing mechanisms. In a recent statement, the commission emphasized its readiness to guide companies seeking to leverage these financing options. This move aims to foster innovation and steer capital towards emerging businesses.
The commission's efforts are bolstered by a recent inter-ministerial decree, published in the Official Journal on November 4, 2026. This decree outlines sectors eligible for research, development, and innovation activities, as well as the application modalities for a related tax, as per Article 119 of the 2026 Finance Law. The decree enhances the role of alternative financing mechanisms in enabling companies to invest in innovative activities.
Cosob has been working to establish a regulatory framework that facilitates various financing and investment instruments. These instruments complement traditional financing channels and offer economic operators diversified options. Notable mechanisms include risk-based mutual funds (FCPR), venture capital investment companies (Sicar), and crowdfunding through Cosob-approved platforms.
The regulatory framework for these mechanisms is outlined in regulations n° 23-01 and n° 24-02, dated April 12, 2023, and October 23, 2024, respectively. According to Cosob, these instruments enable economic enterprises to participate in financing start-ups and innovative projects while benefiting from advantages outlined in the inter-ministerial decree.
These financing mechanisms also contribute to diversifying funding sources and mobilizing resources for research, development, and innovation. Cosob has reiterated its commitment to providing guidance and assistance to companies seeking to utilize these mechanisms. This support includes helping companies understand regulatory requirements and necessary implementation procedures.
By facilitating access to alternative financing instruments, Cosob aims to encourage economic operators' contributions to developing an ecosystem conducive to innovation and the emergence of new businesses. The commission's efforts are expected to promote a favorable environment for start-ups and innovative projects in Algeria.
Cosob's initiative aligns with the Algerian government's goals to stimulate economic growth through innovation and entrepreneurship. The commission's support for alternative financing mechanisms is seen as a crucial step towards achieving these objectives.
Key points
- Cosob offers diversified financing options for start-ups and innovative projects.
- The commission provides guidance and assistance to companies seeking to utilize alternative financing mechanisms.
- The initiative aims to promote an ecosystem conducive to innovation and the emergence of new businesses in Algeria.
