Following the adoption of the Startup Act by Tunisia and Senegal, the Rwandan Government has commenced working on implementing the country’s own version.
This step is hoping to drive the development of Rwanda’s technology innovation ecosystem.
The purpose is to create an African-leading startup ecosystem, thus the Rwandan Government has adopted the Innovation for Policy Foundation (i4Policy) so as to draft a national Startup Act.
The i4Policy has been a crucial factor to African startup development and according to Jon Stever of i4Policy, the Democratic Republic of Congo (DRC) will welcome a Startup Act into its parliament as well as exploring the options in close to 20 other countries in the continent.
The i4Policy in the East African country will go by its normal way of getting to launch a Policy Hackathon.
The Policy Hackathon has proved to be an important format for constructive engagement with the entrepreneurial ecosystems in terms of policy reform dialogue.
This will see the coming together of local investors and founders to ensure that the Startup Act of the country gets informed by their experience in building businesses.
A public webinar is on the way today, Thursday, August 27, to introduce the Startup Act, this is to create awareness for the general public on the initiative.
Two other sessions would take place on September 1 and 2, which will see a cohort of 60 investors, entrepreneurs and service providers.
According to Stever, “I don’t think any country needs a Startup Act, but I think all governments could benefit from one,
“We should think of it as a dialogue between the government and the startups within the ecosystem.
The nice thing about a Startup Act is that it is big enough to bring the whole ecosystem together, because everyone has an in interest in putting these reforms in place.”
Featured Image: businesselitesafrica
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