Startups acts typically cover far-reaching policies aimed at creating a conducive environment for technology-enabled businesses through support for startup creation, provision of incentives for investors, and promoting an easy operating environment for businesses. This is achieved through such incentives as tax breaks, intellectual property support, streamlined registration processes, business support (training, legal, accounting), financial aid, R&D incentives. It is recommended that governments consider tapping into the dynamic African diaspora by including innovative provisions in their startup acts to support diaspora repatriation through technical assistance programs that encourage immigrants to bring their ventures to the continent. Meanwhile, AfriLabs supports the startup act effort, and will leverage data and best practices to advise governments and other players in the innovation ecosystem, including national hub associations, on issues related to the development of ideal legislations.
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