Angola will soon have a law to regulate the ecosystem of startups and technology incubators in Angola, in order to create a comprehensive program to encourage the development of the digital economy throughout the national territory.
The aforementioned law is being prepared by the National Institute for Support to Micro, Small and Medium Enterprises (INAPEM), according to the Chairman of the Board of Directors of the institution, João Nkosi, who was speaking at the opening of the launch of the study on the “Ecosystem of Entrepreneurship and Startups in Angola”.
"A group has already been created and is working to prepare the law. It is necessary to create rules about who will license and certify Startups”, reported the PCA.
Still on this path, the administrator of INAPEM, Bráulio Augusto, informed that, for a better positioning of the different actors of the Startups ecosystem, it is necessary to have a legal-legal structure and framework around their performance.
"Startups demand a more specific and specialized legal framework, taking into account the nature of their activity, so INAPEM will develop, in strict partnership with public and private actors, a proposal that will bring the Angolan vision of this segment based on in comparative studies".
The vision regarding the law, according to Bráulio Augusto, is, above all, to ensure that it does not inhibit the development of Startups, but creates stimuli, incentives and a clarification on the role of each of the actors.
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As for the steps for creating the law, the administrator explained that they are in an embryonic stage.
"We are consolidating the multisectoral technical group, for which several ministerial departments have already started to indicate the different members and over the course of a few months they will start a very technical, operational process, which will travel throughout the country with the objective of bringing the Angolan vision on the startups".
Referring to the definition of Starups, he said that it is necessary to clarify, because sometimes a decontextualized framing of what a Startup is is done, and with this legal system we will have effectively defined what a Startup is, how it is constituted and its classification.
To inform that the editorial office of MenosFios had already advanced that Angola could become the seventh country in Africa to have a law that grants the title of startups to technology and digital companies in the country, in order to grant legal personality to emerging companies in the light of the Angolan legal system.
