Section 41 Nigeria Startup Act

Section 41 Nigeria Startup Act 2022 is about Functions of the clusters, hubs and innovation parks. It is under Part X (Clusters, Hubs, Innovation Parks and Technology Development Zones) of the Act.

Startup innovation clusters, hubs, physical and virtual innovation parks shall provide —
(a) dedicated team, help desk and contact to provide support to a startup ;
(b) assistance for a startup to understand the regulatory framework and its applicability ;

(c) assistance in registration, and application for authorisation ;
(d) assistance and facilitation for the expansion of a startup into foreign markets ;

(e) work spaces free or at subsidised rates ; and
(f ) all other functions incidental to the attainment of the functions provided in paragraphs (a)-(e).