The South East Development Commission (SEDC) has introduced a ₦70 billion South East Venture Capital Programme aimed at strengthening youth entrepreneurship and supporting tech-driven businesses across Nigeria’s South-East region.
The initiative is designed to provide financial backing and growth opportunities for innovative startups led by young entrepreneurs. By focusing on technology-enabled ventures, the programme seeks to encourage innovation, create jobs, and stimulate economic development within the region.
To accommodate startups at different stages of development, the programme features two funding tracks. Under the Accelerator Category, selected startups will receive $20,000 to scale and expand their existing products or services. The Incubation Category will provide $5,000 to support early-stage startups working on promising business ideas.
SEDC disclosed that 30 startups will be selected to benefit from the programme during the pilot phase.
Applications for the venture capital initiative opened on March 16, 2026, and will remain open until April 3, 2026, while the list of successful beneficiaries will be announced on May 14, 2026.
The programme is expected to boost the startup ecosystem in the South-East and empower young innovators across states such as **Ebonyi State, Abia State, Anambra State, Enugu State, and Imo State.
Interested entrepreneurs and startup founders are encouraged to submit their applications within the specified application window.
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