The Southeast Development Commission (SEDC) is offering $20,000 and $5,000 in grants to tech startups in eastern Nigeria. Here is how to register for this program in under 5 mins.
Before we share the details, let’s quickly highlight the eligible business categories for this program and the accepted stages of demand. The Southeast Venture Capital Program is primarily intended for Tech startups at the incubation and Acceleration Stages.
Successful tech startups in the incubator stage will receive $5,000 each, while winners of the accelerator category will get $20,000 each. The eligible tech categories for this program are as follows.
- Manufacturing and Industrial Tech
- Agritech and Food Systems
- Fintech and Financial Inclusion
- Commerce and Logistics
- Healthtech
- Clean Energy
- Edtech
- Creative Economy
- Proptech
- Digital Economy and Saas
30 startups will be selected from these tech categories for the grant across the two available categories.
How to Register for the Southeast Venture Capital Program in 5 mins
To register for the Southeast Venture Capital Program, kindly follow the steps below.
- Visit the SEDC official website at www.sedc.gov.ng for background information on the SEDC and its mission.
- To register for the program, visit www.sedc.gov.ng/programs/sevcp/pitch. Click “Apply Now” and fill out the form accordingly.
- You will be prompted to select your category according to the stage of your business. Accelerator or Incubator stage.
- Fill out the necessary details about your business and complete the form
The Application date for this program has been extended to April 3rd to accommodate more applicants across the five Southeastern states of Enugu, Anambra, Imo, Abia, and Ebonyi.
The N70 billion Venture Fund, from the SEDC, marks its first people-centred initiative following months of strategic ideation and stakeholder engagement.
The program is managed by a team of professionals who contribute ideas and years of experience to the venture capital program’s progress.
