50 Ventures Reach Final Stage Of SEDC’s South East Venture Capital Programme
The South East Development Commission (SEDC) has announced the Grand Finale of the inaugural South East Venture Capital Program (SEVCP) Pitch Competition.
The South East Venture Capital Program is a flagship initiative of the Commission, aligned with the vision of President Bola Tinubu, as articulated in the Renewed Hope Agenda, which prioritises innovative financing mechanisms to support local funding opportunities for startups while strengthening investor confidence in Nigeria’s economy.
The Executive Director, Finance Chairman, South East Venture Capital Program, Stanley Ohajuruka in a statement said “the program reflects a deliberate effort to move beyond fragmented interventions towards a more structured and credible venture capital ecosystem for the South East, combining capital deployment with venture development and institutional partnerships”.
“Since the call for applications on 13 March 2026, the Program has attracted over 1,200 applications from technology-enabled ventures serving the South East market.”
He said that applications were evaluated through a rigorous, multi-stage merit-based process across both the accelerator and incubation tracks.
“Fifty ventures have emerged as finalists, and will undertake an intensive week-long bootcamp on pitch-readiness and investment readiness, ahead of the Finals Day and the Investment Ceremony”. Ohajuruka said.
On Monday, 25 May, the finalists will present to a panel of experienced investors and sector experts, with thirty ventures to be selected across both tracks.
“This will be followed by an Investment Ceremony on Tuesday, 26 May, where the selected ventures will receive structured investment commitments and be formally admitted into a post-investment incubation and acceleration programme.
“The ceremony will convene financing partners, senior public officials, and key stakeholders from Nigeria’s investment and innovation ecosystem.’
“These events are open to founders and entrepreneurs, diaspora investors, venture capital and private equity firms, development finance institutions, corporate organisations, academic institutions, and all stakeholders committed to the economic future of the South East.
“They provide a platform for direct engagement with emerging ventures, capital providers, and policy leadership, and signals a broader shift towards coordinated, long-term investment in the region’s productive capacity.
The South East Development Commission remains committed to advancing inclusive growth, strengthening institutional credibility, and unlocking private capital for sustainable development across Abia, Anambra, Ebonyi, Enugu, and Imo States”. Ohajuruka said.
