SEDC to Fund 30 Startups at Venture Capital Finale

The South East Development Commission (SEDC) announced its plan to fund 30 startups at the grand finale of the South East Venture Capital Programme, scheduled for May 25-26, 2026, in Enugu. This event will bring together startup founders, investors, financial institutions, policymakers, and stakeholders in Nigeria's innovation ecosystem.

The programme aims to deepen access to funding for technology-driven businesses in the South East and strengthen the region's venture capital ecosystem. According to a statement signed by Stanlei Ohajuruka, the Executive Director of the South East Venture Capital Programme, the initiative aligns with President Bola Ahmed Tinubu's agenda to prioritize innovative financing mechanisms for local startups.

Following a call for entries opened on March 13, 2026, SEDC received 1,200 applications, from which 50 ventures emerged as finalists. These finalists will undergo a week-long boot camp to prepare for their pitches to a panel of experienced investors and sector experts.

The selected ventures will receive structured investment commitments during the investment ceremony scheduled for May 26.