2ND ECOSYSTEM ENABLERS FORUM

BUILDING A STRONGER KENYAN INNOVATION ECOSYSTEM THROUGH COLLABORATION

We are glad to announce that ASSEK’s contribution towards the start-up Bill has been a success, with the Bill obtaining approval. The journey of Kenya attaining a Startup Bill began in November last year, with ASSEK having been in talks with Nairobi Senator Honourable Johnson Sakaja to draft the start-up Bill.

Kenya joins Tunisia and Senegal as the only african countries that have enacted Start Up Bills 

The aim of this Start Up Bill is to: 

  1. Foster a culture of innovation and entrepreneurship
  2. Provide framework for the registration of start-ups
  3. Provide framework for linkage of start-ups with private investors, financial institutions, the private sector, research institutions and such other institutions at the county, national and international level
  4. Provide framework that facilitate investments in start-ups
  5. Provide framework to facilitate the provision of fiscal and non-fiscal support to start-ups in Kenya
  6. promote an enabling environment for the establishment, development, conduct of business and regulation of start-ups
  7. Provide framework for the establishment of incubation facilities at the National and county levels of government
  8. The monitoring and evaluation of the legal and regulatory framework to encourage the development of start-ups