Section 23 Nigeria Startup Act

Section 23 Nigeria Startup Act 2022 is about Support of academic research institutions. It is under Part VI (Training, Capacity Building and Talent Development) of the Act.

The Secretariat shall support the activities of an academic research institution to the development of a startup by —
(a) creating linkages between a research institution, the private sector, the Federal Government and other stakeholders in the startup ecosystem ;
(b) financing research systems for a startup ;
(c) providing financial support for the acquisition or establishment of research facilities to be utilised by a startup ;

(d) developing appropriate human resources and research capacity in the areas of science, technology and innovation ;
(e) funding the co-operation and sharing of research information and knowledge, including supporting conferences, workshops, seminars, meetings and other synopsis ;

(f ) promoting the provision of information infrastructure linking research institutions to facilitate cooperation and sharing of research information and knowledge ;
(g) compiling and maintaining a national database of research and innovation ; and
(h) promoting the commercialisation of the result of local research and development through startup incubation.