*Article published on Nairobi Garage
5th October 2020
The Kenyan Parliament recently published the Startup Bill 2020 to encourage the creation of new businesses for local and foreign investors.
In a recently held KEPSA ICT Sector discussion on the Start-Up Bill, Johnson Sakaja, who is the Senator of Nairobi County emphasized on how vital it is to create a nexus between the government, research institutions, and investors to create a sustainable startup ecosystem.
The bill has been referred to as one that supports incubators more directly compared to startups. The bill allows for the “the establishment of incubation facilities at the National and county levels of government”, and empowers Kenya and county executive committee members to establish a national and county incubation policy framework for the development of the business incubation sector and startup system.