The bill which seeks to anchor startups in the Kenyan law for the very first time requires both the National and County governments to develop incubation hubs in a means to establish a favourable innovation environment by attracting both talents and capital.
Unlike SMEs the support for startups presents a new host of challenges due to their uniqueness.
In spite of the lack of regulation for start-up Kenya already host elaborate businesses from the ICT sub-sector including Cellulant, Sendy, Twiga Foods and M-Kopa Solar and has earned the term ‘Silicon Savannah’ for its ability to produce scalable tech-based businesses.
Read more: Citizen Digital