Algeria has introduced a new “Scale-Up” label for startups that have moved beyond the launch phase and demonstrated rapid growth.
The measure was established under Executive Decree 25-311, published in issue 81 of the Official Gazette. It amends the framework governing Algeria’s national committee for awarding the “Startup,” “Innovative Project” and “Business Incubator” labels.
To qualify, a company must operate under Algerian law, rely on an innovative product, service or business model, and have increased its revenue by at least 20% over the past three years. It must also allocate at least 3% of its revenue or capital to research and development.
Applications must be submitted online through Algeria’s startup portal. Required documents include a detailed presentation of the product or service and its innovative features, the founders’ CVs, a three-minute video outlining the company’s growth, and evidence of intellectual property, awards or international expansion, including exports or overseas branches where applicable.
The label will be valid for four years and can be renewed.
According to the Ministry of Knowledge Economy, Startups and Microenterprises, the new classification is intended to help companies that have moved past the creation stage access greater support and expand locally and internationally.
Source: APS
