Section 12 Nigeria Startup Act

Section 12 Nigeria Startup Act 2022 is about Startup Consultative Forum. It is under Part III (Operational Structure of the Council) of the Act.

(1) The Secretariat shall, with the approval of the Council, set up a consultative body known as the Startup Consultative Forum (in this Act referred to as “the Forum”) on the Startup Portal to provide a platform for information sharing and collaboration in the Nigerian startup ecosystem with respect to —
(a) information on a startup which qualifies to be labelled under this Act ;
(b) relevant incentives that apply to a startup ;

(c) information on available local capabilities ;
(d) nomination of representatives to the Council ;
(e) deliberations on memorandum to be sent to Council for consideration ; and
(f ) other policy proposals that may be relevant to the Nigerian startup ecosystem.

(2) The Forum shall comprise of industry stakeholders and representatives registered on the Startup Portal from —
(a) labelled startups ;
(b) venture capitalists ;
(c) angel investors ;
(d) incubators, accelerators, and innovation hubs ; and
(e) two civil society organisations involved in the advancement of technology and innovation.