…. sets May for grand finale

By Gift ChapiOdekina, Abuja

The South East Development Commission (SEDC) has announced the successful completion of the first phase of its South East Venture Capital Programme (SEVCP), with 210 startups advancing to the next stage of the competition.

The selection was made from over 1,200 applications received across the South-East geopolitical zone, following a structured evaluation process designed to ensure fairness, transparency, and alignment with the programme’s objectives.

According to the a statement signed by Hon. Stanley Ohajuruka,
Executive Director, Finance, the advancing startups comprise 128 participants in the Incubator Track and 82 in the Accelerator Track, marking a major milestone in efforts to identify and scale high-potential, technology-driven enterprises within the region.

The evaluation process involved multiple layers of screening. Applications were first assessed for eligibility, including demonstrable ties to the South-East, incorporation of a meaningful technology component, and compliance with submission guidelines. Qualified startups were then evaluated based on problem-solution fit, execution strategy, market opportunity, and technology application. For more mature ventures, traction and revenue performance were key indicators, while early-stage startups were assessed based on validation and evidence of emerging demand.

The Commission noted that the startups progressing to the next stage demonstrated strong clarity of vision, measurable progress, and credible potential for scalability. They will now undergo a video pitch assessment aimed at providing deeper insight into founder capability, strategic thinking, and execution readiness.

The programme will climax with a Grand Finale scheduled for Monday, May 25, 2026, where shortlisted startups will pitch their ideas before investors, policymakers, operators, and other stakeholders in the innovation ecosystem.

This will be followed by an Investment Ceremony on Tuesday, May 26, 2026, during which selected startups will receive funding and transition into the next phase of structured support under the SEVCP.

The SEDC reaffirmed its commitment to building a strong pipeline of investable ventures, strengthening the regional innovation ecosystem, and expanding opportunities for startups to scale sustainably.

It also expressed appreciation to all applicants and partner organisations Genesys Tech Hub, Startup South, and The Garage for their role in ensuring a credible and robust evaluation process.

“The work continues,” the Commission stated.
About the South East Development Commission (SEDC)
The South East Development Commission is a federal statutory body mandated to drive economic development, reconstruction, and regional transformation across Abia, Anambra, Ebonyi, Enugu, and Imo States.

Its responsibilities include infrastructure development, investment mobilisation, institutional strengthening, and strategic programme delivery. The South East Venture Capital Programme is one of its flagship initiatives aligned with national development priorities and its long-term vision for regional prosperity.