The South East Development Commission (SEDC) has announced that 210 startups have progressed to the next stage of its South East Venture Capital Programme (SEVCP) after completing the first phase of evaluation.
In a statement, the Executive Director of Finance and Chairman of the programme, Mr. Stanley Ohajuruka, said the successful startups were selected from over 1,200 applications submitted across the South East.
This highlights a surge in entrepreneurial activity and a growing shift toward innovation-driven businesses in the region.
He explained that 128 startups advanced under the Incubator Track, while 82 qualified for the Accelerator Track following what he described as a rigorous and structured assessment process.
According to Ohajuruka, the evaluation involved eligibility checks to confirm regional affiliation, the presence of a technology component, and compliance with submission guidelines.
Startups that met these requirements were further assessed based on their problem-solution fit, execution strategy, market potential, and level of technological innovation.
The Commission noted that the initiative forms part of a broader strategy to identify and scale high-potential, tech-driven enterprises in the South East.
Ohajuruka added that the SEDC remains committed to strengthening the region’s innovation ecosystem and building a pipeline of investment-ready ventures capable of achieving sustainable growth.
