We explore proximity-induced ferromagnetism on transition metal dichalcogenides (TMDs), focusing on molybdenum ditelluride (MoTe2) ribbons with zigzag edges, deposited on ferromagnetic europium oxide (EuO). A tight-binding model incorporates exchange and Rashba fields induced by proximity to EuO or similar substrates. For in-gap Fermi levels, electronic modes in the nanoribbon are localized along the edges, acting as one-dimensional (1D) conducting channels with tunable spinpolarized currents. TMDs on magnetic substrates can become very useful in spintronics, providing versatile platforms to study proximity effects and electronic interactions in complex 1D systems. arXiv:1807.05316v2 [cond-mat.mes-hall]