List News    News

"Startup Act" to be submitted to Prime Ministry in few weeks

Published the:  11/04/2017

| Share

The "Startup Act," a new draft law aimed to encourage the establishment of a new legal framework and an ecosystem conducive to the emergence of innovative startups, is expected to be submitted to the Prime Ministry in a few weeks.

Opening a workshop on the theme "Startup Act, to liberate and achieve Tunisia's full entrepreneurial potential," Prime Minister Youssef Chahed commended the perseverance of young startuppers who had been behind the idea of this draft law and who are still contributing to its elaboration.

He considered that "this draft law and all the dynamic it supports are important pillars of the Tunisia Digital 2020 strategy," recalling "the efforts exerted by the government team to modernise the regulatory framework and improve the governance of investments to enhance the facilitation of the investing act."

Besides, Chahed stated that "we have failed so far to make the most of the law on PPP, whose spirit favours a joint dynamic of investment between the State and private operators," considering that "it is time to make full use all mechanisms of support to investment."

The "Startup Act" is part of a national initiative of excellence "Startup Tunisia" which is being developed around four key focuses, namely the Startup Act which consists in the elaboration of a legal framework propitious to startups, the Tunisian Apex, a mechanism to support the launch of investment funds linked to startups, the Coders Nation (coder), a mechanism to support the IT development studies and the training of quality coders and inclusion to ensure that this dynamic covers all cities in the country.

Taking the floor, Communication Technologies and Digital Economy Minister Anouar Maarouf pointed out that "Tunisia should today seize the digital chance offered to it and be part of the international digital dynamic, by developing a dynamic ecosystem for local startups and be a platform for major international startups, which will help it become a regional entrepreneurial hub."

For her part, Secretary of State for Vocational Training in charge of the private initiative Saida Ounissi said that "the main objective of this project is to simplify administrative procedures, facilitate access to finance and provide the necessary conditions for an international breakthrough for startups."

Speaking about their experiences, startuppers such as Walid Sultan Midani, founder of Digital Mania, the first Tunisian video game company, Mourad Haddouk, founder of Doorba Academy, a learning platform for the Arabic language and Taher Mestiri General Manager of ITGrapes, a computer engineering services company, focused on the obstacles they had faced to set up their projects. Which obstacles are mainly linked to the lack of opportunities to make their transactions online, the complications of buying and paying in foreign currencies that obliged them to outsource part of their activities, the difficulty of opening a bank account abroad, the brain drain, the failings of economic diplomacy, administrative complications, etc.

They also expressed their attachment to invest in their country, inviting the authorities to act on all these obstacles so that they will not be constrained to relocate their projects outside Tunisia.