In a news release, Algeria’s Ministry Delegate to the Prime Minister in charge of the knowledge economy and startups presented new rules for establishing the innovative character of a company and obtaining the “Startup” label in the North African country.

According to the release, to obtain the “Startup” label, the Ministry Delegate to the Prime Minister responsible for the knowledge economy and start-ups has introduced “four objective standards making it possible to establish the innovative character of the company’s activity” since the last revision of the legal framework.

“A single standard is sufficient for the company to receive the “Startup” label,” states the news release.

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The qualifications include spending on research and development (if the firm spends 15% of its revenue on R&D), the caliber of the founding members (if half of the founding team possess a doctorate or higher), and intellectual property (if the company obtains an invention patent or a nationally or internationally registered program).

The final requirement is to present a prototype. According to the press release, the applicant for the label must “present at least one prototype of the submitted innovation,” which can “take several forms, such as an electronic platform in final or demo version, a prototype of the product if it is industrialized, a link to the application of the company concerned, or an illustrative video.”

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In addition to tax incentives, the “Startup” title provides help from the assigned ministry as well as the option of getting investment, according to the press release. The label is requested by registering on the website www.startup.dz.

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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. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh