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{
    "id": 1506924,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1506924/?format=api",
    "text_counter": 428,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": " Yes. I mentioned technology transfer which is contained in clauses 14 to 16. They have indicated a very good framework of how start-ups will engage in technology transfer. Another challenge we have is that Kenyans come up with very good ideas that can solve problems, but technology transfer is unavailable. Before I was interrupted, I was talking about intellectual property and referencing. I gave a case of young people who told me that they are the ones who developed the NEMIS platform, but it ended up benefiting other people. This will protect such entities. We also have great programs in this Republic that can create employment, but they lack resources. This Bill is establishing the National Research Fund and Parliament will approve allocations to it, so that it can also give donations. The challenge of accessing credit is another challenge this Bill addresses. We have very good business start-ups with very brilliant ideas. But they end up not accessing credit to do their business because they do not have collaterals like others. Only a few people have collaterals like title deeds and logbooks. Therefore, the proposal to create credit guarantee schemes will really help those entities to access credit and have a great potential for growth. The Bill also insists on transparency and accountability in the way the whole management is done so that we do not have already established entities and subsidiaries of multi-nationals coming to masquerade as start-ups at the detriment of other more deserving young people or businesses. To wrap it up, again, this is a great contribution to law. Our motto in Parliament is “For the Welfare of Society and the Just Government of the People”. This Bill really speaks to what Parliament is and what Parliament should be. In that, I support and thank you for giving me the opportunity to contribute."
}