Not less than 210 startup candidates
have advanced to the next stage of the South East Development Commission (SEDC’s) first phase of its South East Venture Capital Program (SEVCP) competition.
A statement dated April 15, 2026 and made available to journalists in Abuja by the Commission’s Executive Director and chairman of the programme, Hon. Stanley Ohajuruka disclosed that this was from a pool of over 1,200 applications received.
He said the number included 128 startups in the “Incubator Track and 82 startups in the Accelerator Track,” adding that an Investment Ceremony scheduled for Tuesday, May 26, 2026,will see “where selected startups will receive funding,” followed by a phase of structured support.
“This milestone marks a significant step in the Commission’s broader effort to identify, support, and scale high-potential, technology-driven ventures across the region.
“The evaluation process was designed to ensure fairness, consistency, and alignment with the objectives of the program.
“The startups advancing to this stage have demonstrated clarity of thought, tangible progress, and credible potential for scale. They now proceed to the next phase of the competition,” he stated.