The Nigeria Startup Portal is now live and open for labeling. This significant initiative is part of the Nigeria Startup Act (NSA 2022), which aims to foster the growth of startups and tech talent in Nigeria. It was recently Launched by Dr Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy.
If you’re part of the Nigerian startup ecosystem, don’t miss out. Visit the Nigeria Startup Portal and register today. After registration, check your email for a password reset link. Complete your profile to enhance your engagement and access additional features.
Engage with fellow entrepreneurs, investors, and experts. Leverage the portal to discover funding opportunities, mentorship programs, and industry insights. Stand out by applying for the coveted Startup Label. Showcase your innovation and commitment to the Nigerian startup ecosystem.
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The Nigeria Startup Portal serves as a central hub for identifying and uniting Nigerian startups, venture capitalists (VCs), angel investors, accelerators, incubators, and hubs. Its vision is to create a thriving ecosystem that supports innovation, entrepreneurship, and digital transformation.
Who can register on the Nigeria Startup Portal?
Entrepreneurs, investors, and ecosystem players can easily register on the Nigeria Startup Portal.
By doing so, they become eligible for a range of statutory incentives, valuable resources, and exciting opportunities.
Registered participants gain access to the Startup Consultative Forum. This forum provides a platform for discussions, knowledge sharing, and collaboration among stakeholders.
Startups can apply for a Startup Label through the portal. Additionally, VCs, angels, accelerators, incubators, and hubs can be verified. The Startup Label signifies recognition and credibility within the ecosystem.
Specific statutory incentives
The Nigeria Startup Act (NSA 2022) introduces several statutory incentives aimed at promoting the growth of startups and encouraging investment in the Nigerian tech ecosystem. Here are some key incentives:
The act provides tax credits of up to 30% of the investment for both local and foreign investors who invest in startups in Nigeria. This incentive aims to attract capital and stimulate investment in the startup sector.
Foreign investors also benefit from the free repatriation of funds under the Nigeria Startup Act. This provision allows investors to transfer their investment returns abroad without restriction.
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Startups that meet the eligibility criteria can apply for a Startup Label through the Nigeria Startup Portal. The label signifies recognition within the ecosystem and may enhance startups’ credibility and visibility.
The act establishes the National Council for Digital Innovation and Entrepreneurship. This council formulates policy guidelines, approves programs, and monitors implementation to create an enabling environment for startups.
By fostering tech-related skills and positioning Nigeria as a digital technology hub, the act aims to boost local content development. This support includes initiatives to encourage research, innovation, and collaboration among universities and research institutions.
In summary, the Nigeria Startup Act seeks to address challenges faced by startups, promote investment, and create a conducive environment for tech-based ventures in Nigeria. Entrepreneurs, investors, and ecosystem players can leverage these incentives to drive innovation and growth.
