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{
    "id": 1262183,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1262183/?format=api",
    "text_counter": 268,
    "type": "speech",
    "speaker_name": "Sen. Crystal Asige",
    "speaker_title": "",
    "speaker": null,
    "content": "seeks to encourage a culture of innovation and entrepreneurship, simplify registration and licensing, formally recognise what a startup actually is, create a special virtual economic zone where despite geographical location they can use tech to leverage and be recognised as one ecosystem and create and give incentives such as tax holidays on duty and Value added Tax (VAT) to attract angel investors whose investments are recognised and de-risked to a certain degree, in case a startup does not take off in a certain time period. Pursuant to Article 96 of the Constitution, the Senate is tasked with the role of protecting the interests of counties. Therefore, the Bill clearly articulates the role of County Governments in facilitating startups and incubation programmes. Although obtaining support from the national Government is critical for this Bill, the efforts must be concentrated at the grassroots level. This makes the role of County Government in supporting the startup ecosystem key to their success. This Bill thus provides that the County Executive Committee Members (CECM) shall put in place a national and county incubation policy framework for the development of the business incubation sector."
}