The South East Development Commission (SEDC) has selected 25 startups across sectors for support under its innaugural $50 million Venture Capital Programme aimed at building a stronger innovation-driven economy in the region.
The Commission had launched the $50 million South East Venture Capital Program (SEVCP) ik March to expand access to capital for startups in the region.
It announced the winners of the Pitch Competition on Thursday which featured some of the most promising startups and emerging businesses from across the region, spanning sectors including healthcare, artificial intelligence, clean energy, mobility, agriculture, fintech, legal technology, commerce, logistics, education technology, and public infrastructure innovation.
According to the Commission, the SEVCP was structured across two tracks: an Incubator Track and an Accelerator Track. The Incubator Track supported early-stage startups with foundational business support and venture readiness, while the Accelerator Track focused on more mature startups with scalable business models and stronger market traction. Following an evaluation process 10 startups emerged from the Incubator Track, while 15 startups emerged from the Accelerator Track.
