A proclamation to support Ethiopian start-up businesses is ready to put in force, according to MInT. The proclamation expected to result a tangible solutions for startup challenges in the nation.
The Startup Business Proclamation is finally set for ratification after the Ministry of Innovation and Technology (MInT) included ratifying the proclamation in its to-do list within the next 100 days, The Reporter wrote.
Why a Startup Act for Ethiopia by Enkopa (https://cutt.ly/cTOTQQ0) ?
- Realize Ethiopia’s big potential for entrepreneurship and innovation, despite being a “sleeping giant”
- Provide support for startups and innovative businesses who have different needs than traditional firms
- Create knowledge-based job opportunities
- Enable a leap-frog effect in the economic development
According to Enkopa, the Startup Act provides a unique opportunity for any labeled startup or innovative business to access a regulatory sandbox, in order to test their economic model with access to: Financial and Fiscal Incentives and Streamlined Business Processes.
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