The Nigeria Startup (NSP) Support and Engagement Portal is meant to collect or register businesses, companies and organizations that may need support for expansion from the government
At a time when the economy is faced with pressing challenges, the portal will facilitate the labeling of Nigerian Startups and the registration of Venture Capitalists, Angel Investors, Accelerators, Incubators & Innovation Hubs (A.I.I.), and Civil Society Organizations involved in advancement of Technology and Innovation.
The Nigerian Start-Up Act is your ticket to a world of advantages and opportunities. We are here to guide you through this exciting journey of entrepreneurship, innovation, and growth
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The Startup Support and Engagement Portal was set up as part of efforts to collate and classify startups in Nigeria to benefit from the opportunities provided in the Nigerian Startup Act 2022.
Specifically, the portal will facilitate the labeling of Nigerian startups, venture capital companies, hubs and innovation centres in Nigeria. This is pursuant to the requirements of Section 10 of the Nigerian Startup Act, 2022.
Establishes the National Council for Digital Innovation and Entrepreneurship (The Council), with representation from relevant Ministries and Agencies of the Federal Government as well as the Nigerian Startup Ecosystem, to support complementary policy-making and approve programs for the development of startups in Nigeria
Set up a consultative forum for Nigerian ecosystem stakeholders to engage and present proposals to ‘The Council’ on policies and ideas to develop the Nigerian Startup Ecosystem
Provide for the Startup Investment Seed Fund which will be managed by the Nigerian Sovereign Investment Authority (NSIA).
To support pipeline development and improve access to seed capital for tech-enabled startups
Simplifies registrations and access to government services through the Startup Support and Engagement Portal
Introduces several incentives to improve the viability of startups and facilitate investment in Nigerian startups
Startup Registration 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.
Link to Register for Nigeria Startup (NSP) Support and Engagement Portal