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Nigeria Startup Support and Engagement Registration Portal/Link

November 22, 2023 by legitportal Leave a Comment

Nigeria Startup Support and Engagement Registration Portal/Link. FG Open Startup Support and Engagement Application Portal for Nigerians.

The Federal Government has launched the Startup Support and Engagement Portal. This is a key requirement for the implementation of the Nigeria Startup Act.

What is the Nigeria Startup Act?

The NSA is a co-created law by the government and ecosystem to unlock Nigeria’s digital economy potential by ensuring regulatory certainty, creating an enabling business environment, and fostering local content to attract investment and create job opportunities.
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.

Benefits of Registering on Nigeria Startup and Engagement Portal

  • Access to the startup investment seed fund, grants, loans etc.
  • Access to tools and resources
  • Tax and fiscal incentives for Startups and Investors
  • Capacity building programs and trainings
  • Participation in regulatory sandboxes
  • Ecosystem engagement and support infrastructure
  • Collaborations and linkages with relevant MDAs as it relates to a startup.

SEE ALSO: How to Register for SCUML (Scuml Registration Portal and Guide)

Requirements for Startups

  1. Be a limited liability company registered under the Companies and Allied Matters Act (CAMA).
  2. Be a company existing for less than 10 years from the date of incorporation.
  3. Have objects that are focused on innovation, development, production, improvement, and commercialization of a digital technology innovative product or process.
  4. Be a holder or repository of a product or process of digital technology or the owner or author of a registered software.
  5. Have at least one-third of local shareholding held by one or more Nigerians as founder or co-founder of the startup.
  6. Satisfy the conditions set out in the Act, in the case of a sole proprietorship or partnership.
  7. Be a tech-enabled business that uses existing tools, platforms, libraries, and frameworks to make a company or a solution more efficient or effective.

Nigeria Startup and Engagement Portal

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.

How to Register on the Nigeria Startup and Engagement Portal

The Minister of Communications, Innovation and Digital Economy Dr Bosun Tijani is inviting all Nigerian startups venture capital companies, hubs and innovation centres to register at the portal https://startup.gov.ng and look forward to working with all industry stakeholders to ensure that we fully implement the Startup Act for the benefit of our innovation ecosystem.

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