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"id": 1514582,
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"content": "New Part VA"
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"type": "speech",
"speaker_name": "Hon. Martha Wangari",
"speaker_title": "The Temporary Chairperson",
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"id": 13123,
"legal_name": "Martha Wangari",
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"content": "THAT, the Bill be amended by inserting the following new PART immediately after PART V—"
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"type": "speech",
"speaker_name": "Hon. Martha Wangari",
"speaker_title": "The Temporary Chairperson",
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"id": 13123,
"legal_name": "Martha Wangari",
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"content": "PART VA- ESTABLISHMENT OF THE STARTUP FUND Establishment 32A. (1) There is established a fund known as the of the Startup Cooperative Development Fund, in accordance with the Fund Regulations prescribed by the Cabinet Secretary. (2) The Cabinet Secretary shall enact regulations to operationalize this section. Sources of 32B. The source of the Fund shall consist of— the Funds. (a) such monies as may be appropriated by the National Assembly for the purposes of the Fund; (b) such monies as may accrue to the Authority in the performance of its functions under this Act determined in regulations from the National Research Fund; (c) any grants, gifts, donations or other endowments given to Kenya National Innovation Agency, Kenya Industrial Estates and other startup ecosystem players including County Governments; and (d) such funds as may vest in or accrue to Kenya National Innovation Agency and Kenya Industrial Estates and other startup ecosystem players including County Governments in the performance of its functions under this Act; and (e) any funds donated or lent to, or gift made to Kenya National Innovation Agency and Kenya Industrial Estates shall be disclosed to the National Assembly and made public before use."
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"content": "(The new part was read a First Time)"
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"text_counter": 287,
"type": "speech",
"speaker_name": "Hon. Martha Wangari",
"speaker_title": "The Temporary Chairperson",
"speaker": {
"id": 13123,
"legal_name": "Martha Wangari",
"slug": "martha-wangari"
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"content": " Mover."
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"type": "speech",
"speaker_name": "Aldai, UDA",
"speaker_title": "Hon. Marianne Kitany",
"speaker": null,
"content": " Hon. Temporary Chairlady, I beg to move that the new Part VA be now read a Second Time with amendments on clause 32A. The amendment is to delete the words “co-operatives development” appearing in sub-clause (a) and substitute therefor with the word “start-up.” The rationale for this amendment is to refer to the fund correctly, which is the Start-up Fund. The justification for this new Part VA is to provide funding for the commercialisation of start-ups."
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"type": "speech",
"speaker_name": "Aldai, UDA",
"speaker_title": "Hon. Marianne Kitany",
"speaker": null,
"content": "( Question, that the new part be"
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"speaker": null,
"content": "read a Second Time, proposed)"
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"type": "speech",
"speaker_name": "Hon. Martha Wangari",
"speaker_title": "The Temporary Chairperson",
"speaker": {
"id": 13123,
"legal_name": "Martha Wangari",
"slug": "martha-wangari"
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"content": " Member for Funyula."
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"type": "speech",
"speaker_name": "Funyula, ODM",
"speaker_title": "Hon. (Dr) Ojiambo Oundo",
"speaker": null,
"content": " This is a progressive amendment, and I would like to thank the Vice-Chair for noticing the typo that talked about \"co-operative development fund\" instead of \"start-up fund.\" I want to inform the people of Kenya that the funds for this start-up initiative come from both the national Government and the county governments. The key players in this sector are the Kenya National Innovation Agency and The electronic version of the Official Hansard Report is for informationpurposes only. A certified version of this Report can be obtained from the Hansard Editor."
}
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