Telecom

Mali elaborates the "start-up act" to boost innovation ecosystem and attract investments

Friday, 29 March 2019 13:59
Mali elaborates the "start-up act" to boost innovation ecosystem and attract investments

(Ecofin Agency) - Mali has decided to make technical innovation and the digital one of the wealth and job creation tools in the coming years. In that regard, it is already laying the legal basis, necessary for the youth that will become the main added value service provider, with the “start-up Act.” This act encourages innovative project carriers.  

During the Francophone Africa Investor Summit, which will end today, Mali’s minister of digital economy Arouna Modibo Touré (photo), declared that the "start-up Act" which is now subjected to public consultation will be submitted to the parliament without change.

The 23-article act set an administrative, economic and fiscal environment favourable to young entrepreneurs who are usually confronted with numerous challenges like company creation and management as well as access to funding notably.   

The act plans for the creation of a label "start-up" that will be delivered to less than four year old firms whose equities are 1/3 owned by nationals with less than ten employees. Companies with this label will be provided with seed funding as well as the possibility for innovation grants.

A start-up guarantee fund will also be created to help those startups raise about 80% of the funds they need. They will also be promoted abroad by the government.

To dynamise the national innovation ecosystem, the act plans to encourage startup incubators to be more rigorous in their choice of the various projects and in their coaching. In that regard, the act provides that for an incubator to be funded, 50% of its startups should have survived for two years.

The selection of coaching, mentoring and training professionals will be based on performances and only the best will survive. This will guarantee the success and quality of the firms in the market.

The country that wants to encourage its youth into entrepreneurship also plans to create research and development laboratories in schools to grow the entrepreneurship sense of its youth. A special scholarship will then be awarded to any student carrying an innovative project.

Overall, the start-up Act aims to build Mali’s innovative ecosystem and prepare it to become a real attraction for investors who will be confident that they are investing in firms with good prospects.  

Muriel Edjo





 
Finance


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.