Risevest CEO Supports South-East Innovation Initiative

Eleanya Ek, the CEO of Risevest, has expressed strong support for an initiative aimed at strengthening innovation and entrepreneurship in South-East Nigeria. This initiative, unveiled during a pitch competition organized by the South-East Development Commission, is designed to support emerging founders and startups in the region.

Ek emphasized the critical need for access to capital and mentorship to unlock the economic potential of South-East Nigeria. He noted that while there is no shortage of talent and ideas, many young innovators face challenges due to limited access to opportunities and funding.

The program seeks to connect promising startups with investors and provide long-term venture support. Ek joined a lineup of entrepreneurs and leaders from the investment ecosystem, including Ndubisi Ekekw of Tekedia Institute and Eliez Ajah of 3MTT.

The initiative comes amid discussions on decentralizing Africa's startup ecosystem and expanding venture capital access beyond traditional commercial centers like Lagos.