Unlocking Nigeria's Innovation Potential with the
Nigeria Startup Act
The portal will facilitate the labelling of Nigerian Startups and the registration of Venture Capitalists, Angel Investors, Accelerators, Incubators & Innovation Hubs (A.I.I.), and Civil Society Organisations involved in advancement of Technology and Innovation.
About the Nigeria Startup Act
The Nigeria Startup Act 2022 provides incentives, structures and programmes for Nigerian startups to catalyse growth, create value and build a foundation to export tech-enabled services. The Act also creates the National Council for Digital Innovation and Entrepreneurship whose primary mandate is to align national policies for the development of startups and establish programmes to support tech-enabled startups in Nigeria.
Highlights of the Nigeria Startup Act
Establishes the National Council for Digital Innovation and Entrepreneurship (The Council)
Sets up a consultative forum for Nigerian ecosystem stakeholders to engage and present proposals to the Council
Provides for the Startup Investment Seed Fund which will be managed by the Nigerian Sovereign Investment Authority (NSIA)
Simplifies registrations and access to government services through the Startup Support and Engagement Portal
Features of Startup Support and Engagement Portal
Registration of A.I.I. and Labeling of Startups
Identifying structured and quality support for high-impact and scalable startups
Startup Engagement and Support
Providing startups with valuable knowledge and information resources for growth and success
Tax and Fiscal Incentives
The Act offers a range of incentives to encourage both local and foreign investors to invest in a Nigerian startup
Financing and Fund Management
Ensuring access to financial resources and effective fund management for startups
Ecosystem Engagement and Support
Building a robust support structure for the startup ecosystem to grow and thrive
Collaboration and Linkage with Government
Fostering partnerships and connections with relevant government agencies to advance startup initiatives
Our continent has massive challenges and those of who are working in IT just can’t stay at the level of solving peripheral problems for a thin middle class. We actually have to build the future.
CEO, Future Africa
Inventing something new is technology, being able to commercialize technology is innovation.
Dr. Kashifu Inuwa
I am optimistic about the vibrant youth we have who are always with high energy and creative thinking of how to solve our serial challenges. It is a good one, and in the near future, it will contribute significantly to the economy.
Frequently Asked Questions
You need answers to your questions?
1. What is the Nigeria Startup Act(NSA)?
6. Who are the memebers of the council?
2. How can I get the Startup Label?
7. What are the functions of the Startup Consultative Forum?
3. What are the benefits of getting a Startup Label?
8. Can a Startup Label be withdrawn
4. As a startup, what are the relevant government ministries Departments and Agencies (MDAs) I may be able to have access to?
9. Can a label be issued to startup company that is not technology enabled?
5. What is the council?
10. Can the starup label be issued to a startup that is more than 10 years in existance?
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