Section 33 Nigeria Startup Act

Section 33 Nigeria Startup Act 2022 is about Transfer of foreign technology. It is under Part VIII (Collaboration with Regulators) of the Act.

(1) The Secretariat, in conjunction with the National Office for Technology Acquisition and Promotion (NOTAP) shall —
(a) designate a separate section on the Startup Portal to ease technology transfer registration for labelled startups ;
(b) provide a discount on all applicable fees for technology transfer registrations for labelled startups ; and
(c) provide technical assistance to labelled startups to enable them commercialise their research results.

(2) The Secretariat shall collaborate with NOTAP in ensuring that technology transfer registrations and other related activities are seamless and expedited and in accordance with the provisions of this Act.