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{
    "id": 1506819,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1506819/?format=api",
    "text_counter": 323,
    "type": "speech",
    "speaker_name": "Nominated, ODM",
    "speaker_title": "Hon. Irene Mayaka",
    "speaker": null,
    "content": "their start-ups. They can, however, do that at their own county levels. The Bill provides that the county executive committee members shall do the following: 1. Put in place a national and county incubation policy framework for the development of business and incubation sectors start-up systems; 2. Enter into partnerships with local and international business incubators in order to promote the establishment and growth of start-ups in Kenya; 3. Establish programmes for the certification and admission of incubators into the incubation programme; 4. Put in place mechanisms that promote the development of business incubation programmes; and, 5. Create an enabling environment for the promotion of business incubators, including fiscal and non-fiscal incentives. Hon. Temporary Speaker, start-ups require significant investment at the initial stage, especially in terms of capital, investment, research and development. Considering that most people in those ecosystems are youth, there is a need to support them, and provide incentives for conceptualising their projects to a place where businesses are established, healthy and running. This Bill confers on the Cabinet Secretary without prejudice, the power to make regulations on the exemption of start-ups from registration fees, protection of intellectual property rights, employment benefits and compensation, relationships between founders and employees and reporting and accountability of start-ups. This will go a long way in giving our entrepreneurs the impetus that they need to establish themselves. The Bill further amends the Science and Technology Act of 2013 to provide for financial support of technological innovation, representation of start-ups in the National Research Fund, and allocation of monies to provide for financial support to technological innovation. The Bill goes further to set out criteria for admission into the incubation programme, registration of start-ups and obligations of start-ups. This is important to avoid abuse of the system by fraudulent persons trying to circumvent statutory obligations such as tax and levies. This Bill also confers the responsibility of registration and database maintenance on the Kenya National Innovation Agency. That agency, as a State corporation that was established under the Science, Technology and Innovation Act of 2013, is responsible for the coordination, promotion and regulation of the national innovation system. The agency works with stakeholders to promote innovation and enterprise development out of research and ideas, which means supporting the identification, recording and protection of innovative ideas. To put it into context, we know the story of the Kiondo, which as a country, took us time to fight back the naming rights from Japan. They had named it and done a copyright of"
}