The startup bill was presented on Thursday, September 7, 2023 in the Council of Ministers. It is the materialization of one of the commitments of the President of the Republic, Mohamed Ould Cheikh El Ghazouani, to turn innovation into the engine of digital development, entrepreneurship and the competitiveness of companies.
The presentation of the bill by the Minister of Digital Transformation, Innovation and Modernization of Administration, Mohamed Abdellahi Ould Louly, allowed the members of the Council of Ministers to understand the objective of the law, its drafting process and the expected impact on the innovative entrepreneurial ecosystem of Mauritania.
The 'Startup ACT Mauritania' bill is a legal framework designed to facilitate the launch and development of innovative and high value-added startups and SMEs in Mauritania. In addition, the project to draft the Startup ACT law is part of the government's objective of facilitating the development of an ecosystem conducive to the emergence of startups.
This bill aims to create and promote startups in Mauritania based on creativity, innovation, the use of new technologies, the generation of high added value and competitiveness at a national and international level.
To achieve this, the Startup ACT bill incorporates measures structured around a seal of merit and advantages for the different actors in the digital entrepreneurship and innovation ecosystem (entrepreneurs, startups, support structures, investors).
Similar initiatives have been adopted in several African countries, such as Senegal, Tunisia, Nigeria, Algeria and the Democratic Republic of the Congo, and have had a significant impact on the development of their economies.
This bill includes several provisions, such as the conditions for granting the startup seal and support structures, benefits in terms of tariffs and taxation, as well as other incentive measures to facilitate the establishment and development of startups.
Mechanisms are also provided in this law to facilitate access to financing, the market and investment in startups.
Article source: https: Financial afrik