1000 companies obtain the mark of an innovative project or emerging institution – New Algeria

a statement Minister of Knowledge Economy And emerging institutions and small institutions, Yassin Al-Mahdi Walid, 1,000 companies obtained the mark of an innovative project or emerging institution.

During the meeting held at the headquarters of the National People’s Assembly of the Committee for Economic Affairs, Development, Trade and Planning of the National People’s Assembly, during the meeting that took place in the presence of the Vice President of the Council, Abdel-Wahab Dayra, the government representative spoke about the importance of emerging companies in the global economy due to their ability to grow rapidly and Innovation Adding, on the other hand, that the number of incubators has “doubled from 10 in 2020 to 60 incubators in 2022,” while there are “many projects to create more incubators,” according to the same source.

Regarding the measures that have been taken to promote this type of startup enterprise, Walid stressed that the self-contractor law that has entered into force will have a major role in facilitating the legal framework for startup companies, pointing out that the startup accelerator is promoting the culture of entrepreneurship in parallel with formation A large number of students at the national university level, and this is within the framework of accompanying project holders

As for financing startup companies, the minister explained that a fund had been launched finance “By purely economic standards, because the biggest challenge is directing capital to innovation,” pointing in the same regard to “the creation of a number of mechanisms in finance laws, such as the Finance Law 2021, in which an article for participatory financing was approved, and the Finance Law 2022, in which private employment bonds were included for the purpose of Encouraging the private sector to invest in investment funds and the 2023 Finance Law, which included tax incentives, with the establishment of a branch for emerging companies at the stock exchange level.

On the other hand, Walid confirmed that the creation of both the National Agency for Support Entrepreneurship “Anad” and the National Agency for Microcredit Management “Anjam” are two support agencies “to reduce the unemployment rate, but they were created with a social vision and not an economic vision,” noting that “the Loan Guarantee Fund suffers from a large deficit despite the state’s interventions to support it, which requires finding other more solutions.” Efficiency in the future.