PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606328

Primary Business Area

Other

Disclosure Date

Oct 24, 2024

Country

Angola

Region

Africa

IFC Approval Date

Jun 27, 2024

Status

Active

Estimated Total Budget

$1,278,399.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 5, 2024

Project Estimated Start Date

May 15, 2024

Project Estimated End Date

Jun 30, 2027

Project Description

This project aims to support INAPEM in developing a conducive startup ecosystem in Angola by improving the enabling legal and regulatory framework for startups. The project will focus on two key areas: 1: Policy/Regulatory Advisory To address challenges faced by Angolan startups, the project will support the enactment of the Startup Act and the amendment of other key regulations by offering inputs during the development of the Angola Startup Act, reviewing other complementary instruments, and sharing best practices from successful global and regional contexts. The project will also facilitate peer-to-peer learning and engagement with policymakers from other African countries to understand critical success factors in implementing Startup Acts and important considerations during the legislative process, and ensure effective engagement of key ecosystem stakeholders, particularly the private sector, during the legislative process as they will be the ultimate beneficiaries of the newly proposed law and related regulatory amendments. 2: Capacity Building & Market Creation The project will help implement the process for official startup recognition, enabling startups to take advantage of the newly established benefits and fostering connectivity within the Angolan startup ecosystem regionally and globally. The project will also help build the capacity of INAPEM and other public entities to understand and apply the Startup Act and other complementary instrument, and support the design and delivery of a communication campaign to raise awareness of the new legal and regulatory framework governing startups.

Development Results

E&S Risks / Impacts and Mitigation