Section 39 Nigeria Startup Act
Section 39 Nigeria Startup Act 2022 is about Incentives for accelerators and incubators. It is under Part IX (Accelerators and Incubators) of the Act.
(1) There shall be a register of accelerators and incubators that contributed to the startup ecosystem which shall be maintained by the Secretariat.
(2) Startup accelerators and incubators registered with the Secretariat shall be entitled to —
(a) incentives as may be granted by the Federal Government in accordance with the relevant regulations, provided that the accelerators and incubators are actively involved in providing goods, services, or finance crucial in supporting the operation and growth of startups in Nigeria ; and
(b) grants and aids for research, development, training and expansion projects.
(3) Subject to subsection (2), registered accelerators and incubators shall be entitled to grants given under the Nigeria Digital Innovation, Entrepreneurship and Startup Policy and any other policy that may be issued.
