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{
    "id": 1513579,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1513579/?format=api",
    "text_counter": 630,
    "type": "speech",
    "speaker_name": "Aldai, UDA",
    "speaker_title": "Hon. Marianne Kitany",
    "speaker": null,
    "content": "(c) has as its objects the innovation, development, production or improvement and commercialisation of innovative products, processes or services or if it is a scalable business model; (d) has human resources, total assets, and annual turnover number that does not exceed an amount prescribed by the Cabinet Secretary; (e) has its headquarters in Kenya; (f) does not distribute profits; (g) is fully owned by a citizen of Kenya or majority ownership by citizen or citizens of Kenya; (h) falls within the tiered structures as prescribed by the Startup Maturity Framework; and (i) has at least fifteen per cent of the expenses of the entity spent on activities that relate to research and development. (2) This Act shall not apply to an entity that is — (a) established or formed as a result of the split, reconstruction, merger or reconstitution of an existing business; (b) a holding company or subsidiary of an existing entity which is not labelled as a startup; (3) A startup labelled under this Act shall be granted access to the incentives provided under this Act."
}