Section 38 Nigeria Startup Act

Section 38 Nigeria Startup Act 2022 is about Accelerator and incubator programmes. It is under Part IX (Accelerators and Incubators) of the Act.

(1) The Secretariat shall, in realising the objectives of this Act, establish accelerator and incubator programmes for startups.

(2) The Council shall, for the purpose of subsection (1), develop a national accelerator and incubator policy for the establishment and development of accelerators and incubators.

(3) The Secretariat shall, for the purpose of subsection (1) —
(a) develop standards and guidelines to regulate the relationships between accelerators, incubators and startups ;
(b) encourage and collaborate with existing accelerator and incubator programmes established by private organisations ; and
(c) provide information on the Startup Portal on existing accelerator and incubator programmes and the process of registration and admission into the programmes.