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{
    "id": 1089343,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1089343/?format=api",
    "text_counter": 243,
    "type": "speech",
    "speaker_name": "Sen. Moi",
    "speaker_title": "",
    "speaker": {
        "id": 305,
        "legal_name": "Gideon Kipsiele Towett Moi",
        "slug": "gideon-moi"
    },
    "content": "Thank you very much, Madam Temporary Speaker, for giving me this opportunity to make my contribution to the Bill. We were told by the sponsor of this Bill that it would be domiciled in Information and Communication Technology, but as it is, it has taken the route that it has. Nonetheless, this is a good Bill. It is there to help formalize start-up requirements in the country and have good administration. What is important is that start-ups need funds. In this particular scenario, you will have venture capital funds being unable to access and have a database of the potential start-ups in the country. Important to note is that some of these venture capital funds have predatory practices. This Bill helps to make sure that our start-ups are protected from those predatory practices and have access to these funds, because our young people are very innovative and enterprising. Madam Temporary Speaker, we have different types of start-ups. We have agriculture, health and insurance. All of them are there, and they will have access to these funds. The good thing about this Bill is that it reinvigorates the innovative agents of 2013. Last week we had an opportunity to visit Konza Technopolis and we were very pleased to see what they have done to the board and management of Konza, because they got an incubation programme. We saw a young Kenyan who has started a start-up using drones. His idea is that these drones will be able to facilitate the transportation of medicine to far-flung areas. I welcome this idea, especially where I come from in Baringo County where we need access to vaccines and anti-venom drugs. The good thing is that this start-up is very successful. It was done in Konza and is Kenyan made."
}