Applying for Federal Government Startup Assistance
On Tuesday, the Federal Government unveiled the Startup Support and Engagement Portal, a crucial component for implementing the Nigeria Startup Act. Minister of Communications Innovation and Digital Economy, Bosun Tijani, announced the launch via his X account, stating, "The startup portal aims to identify and gather information on Nigerian startups, venture capital firms, hubs, and innovation centers to enhance engagement and support for ecosystem players."
"The portal's introduction enables us to initiate the establishment of startup consultative forums, selecting representatives for the National Council for Digital Innovation and Entrepreneurship. This will foster discussions and consensus-building among Nigerian ecosystem participants."
Nevertheless, he extended an invitation to all Nigerian startups, venture capital firms, hubs, and innovation centers to complete the registration process.
The National Information Technology Development Agency encouraged Nigerian startups, venture capitalists, angel investors, hubs, and innovation centers to visit the portal, register, and explore the resources at their disposal.
Below is the registration process for startups:
Go to http://startup.gov.ng, navigate down the page to unveil the choices for Startups, Angel Investors, Venture Capitalists, or Accelerators, and Innovation Hubs & Incubators. Choose the Startups option.
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.
4. Enter the following details:
- RC Number (Unique CAC identification number)
- Company Name
- Year of Incorporation
- Industry (type)
- Media
- Start-Up description
- Company Email
- Company Address
- Company website
- Founder’s Full Name
- First Name + Last Name
- Founder’s Email Address
- Founder’s Phone Number
- Founder’s means of Identification (BVN or NIN)
5. Then Submit
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