A Startup Support and Engagement Portal has been launched in Nigeria, which is a key requirement for the implementation of the Nigeria Startup Act. The aim of the law is to help position Nigeria’s startup ecosystem as the leading one in Africa. A key part of the ongoing implementation of the Nigeria Startup Act is the new startup portal, which will drive the identification and aggregation of Nigerian startups, venture capital companies, hubs and innovation centres in order to facilitate engagement and support for ecosystem players. All Nigerian startups, venture capital companies, hubs and innovation centres are invited to register on the portal. The first specific startup law globally was passed in Italy in 2012, and Tunisia and Senegal were the first two African countries to enact them.

Source: The North Africa Journal November 27, 2023 06:05 UTC