Startup Proclamation Will Transform Citzens' Creative Ideas into Tangible Results, Says Minister

Addis Ababa, July, 19, 2025 (ENA)— The Startup Proclamation approved this week is a vital tool designed to transform creative ideas of citizens into tangible results and bolster Ethiopia’s innovation-driven economy, Innovation and Technology Minister Belete Molla told ENA.

The House of People's Representatives passed the Startup Proclamation during its second emergency session last Thursday, marking a significant step toward establishing a robust startup ecosystem in the country.

 Ethiopia is actively pursuing multi-sectoral economic development, with notable progress already achieved, the minister said, adding that the proclamation is part of a broader strategy to position creativity and innovation as key drivers of economic growth, alongside traditional sectors.

 According to him, the proclamation is crafted to build a conducive environment for startups and lay the groundwork for a thriving digital economy and it aims to unleash the potential of Ethiopian youth and empower them to contribute meaningfully to national development.

 The proclamation will address long-standing challenges in the startup sector and open new avenues for aspiring entrepreneurs to harness opportunities effectively, he underscored.

 The minister further stated that the legal framework will facilitate the transformation of innovative ideas into impactful ventures, helping Ethiopia to become more competitive in the global startup landscape.

 In addition to fostering homegrown innovation, the proclamation is expected to support the emergence of large-scale technology companies in the country, Belete said, reaffirming the commitment of the ministry toward ensuring the successful implementation of the proclamation.

 He also pointed out that the proclamation will enable Ethiopia to become a competitive player in the global startup ecosystem.