Tunisia will launch the Start-up Act 2.0 initiative. A fresh version of the Startup Act initiative, but with additional options to highlight the startup environment.
The debate on the Start-up Act 2.0 began a few months ago, with participation from the Ministry of Communication Technologies, the Ministry of Economy, the Ministry of Vocational Training and Employment, the Ministry of Education and Scientific Research, start-ups, and civil society components, with the goal of “renegotiating,” in a sense, the Start-up Act passed in 2018. Everything within the context of a vision for 2035 and the transition to the information economy.
Given the difference in economic models, Wissem El Mekki, Director of the Digital Economy at the Ministry of Communication Technologies and the Digital Economy, believes that a start-up requires more favourable treatment than a small or medium-sized corporation.
It should be noted that the initial edition of the Start-up Act made it possible to expose the sometimes inefficient innovation ecosystem with its dispersed initiatives. This initiative has explicitly revealed the ecosystem’s strengths and flaws over the years.
In keeping with the spirit and collaborative approach of the previous edition of the Start-up Act, V2 will highlight the initiative of start-ups, allowing the same spirit and collaborative approach to be maintained.
Wissem El Mekki confirms in a statement to that their role is primarily to demonstrate that innovative entrepreneurship requires new legal provisions dedicated to young people, as well as to change the investment law towards innovative investment while still within the framework of the reform, as well as the government’s announced improvement in the business climate in its reform programme.
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This updated version of the Start-up Act intends primarily to strengthen the role of start-ups, as well as their creative ideas and solutions, in collaborating more with the state, cleaning up the Tunisian administration, and improving the quality of services provided to people.
Tunisia Startup Act 2.0 Tunisia Startup Act 2.0
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard