A crucial prerequisite for the execution of the Nigeria Startup Act is the establishment of the Startup Support and Engagement Portal, which the Federal Government launched on Tuesday.
The unveiling was announced on the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani’s X account.
He wrote, “The startup portal 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.”
“The launch of the portal will allow us initiate the process of setting up the startup consultative forums to select representatives to the National Council for Digital Innovation and Entrepreneurship, in order to facilitate discourse and consensus among Nigerian ecosystem players.”
Nonetheless, he extended an invitation for all Nigerian hubs, innovation centers, venture capital firms, and startups to register.
Additionally, the National Information Technology Development Agency asked all Nigerian hubs, innovation centers, VCs, angels, and startups to visit the portal, register, and take advantage of the resources that are accessible to them.
The startup registration process is listed below:
- Visit the portal
- Scroll down the page to reveal the options for Startups, Angel Investors, Venture
- Capitalists or Accelerators, Innovation Hubs & Incubators.
- Select Startups
Criteria to enroll:
- Be a limited liability company registered under the Companies and Allied Matters Act (CAMA).
- Be a company existing for less than 10 years from the date of incorporation.
- Have objects that are focused on innovation, development, production, improvement, and commercialization of a digital technology innovative product or process.
- Be a holder or repository of a product or process of digital technology or the owner or author of a registered software.
- Have at least one-third of local shareholding held by one or more Nigerians as founder or co-founder of the startup.
- Satisfy the conditions set out in the Act, in the case of a sole proprietorship or partnership.
- Be a tech-enabled business that uses existing tools, platforms, libraries, and frameworks to make a company or a solution more efficient or effective.
The following details are required:
- RC Number (Unique CAC identification number)
- Company Name
- Year of Incorporation
- Industry (type)
- Media
- Start Up description
- Company Email
- Company Address
- Company website
- Founders Full Name
- First Name + Last Name
- Founders Email Address
- Founders Phone Number
- Founders means of Identification (BVN or NIN)
Ugochi Olivia Ubah is an Educator and a Writer
