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Ethiopia's Startup Proclamation is now law but it's not active yet.
Parliament has passed a law to support startups and innovation. A big step, but it's just the beginning. Here’s what needs to happen next:
1. Official Publication
The law must be published in the Federal Negarit Gazette. Until then, it's not legally active.
2. Regulations from Government
The Council of Ministers must issue rules to explain how the law will work. Without this, most parts can't be used.
3. Directives from Ministries
The Ministry of Innovation and others must give clear instructions on:
- Who qualifies as a startup or ecosystem builder
- How to get grants and tax benefits
- How regulatory sandboxes will work
- How foreign startups can register
4. Systems Must Be Ready
The following must be set up:
- A startup portal to apply and access services
- A committee to review applications
- A government-backed fund to support startup investors
- A loan guarantee system to help startups get financing
The law is a major win, but until these steps are complete, startups won't see real benefits. Execution is key.
BY Fasil / ETDevs
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