FG Unveils Portal for ₦50m Student Venture Capital Grant

The Federal Government through the Federal Ministry of Education, has officially opened the application portal for the Student Venture Capital Grant (S-VCG), a groundbreaking national initiative aimed at transforming student-driven ideas into commercially viable, high-impact ventures.

The S-VCG forms a central pillar of the Renewed Hope Agenda and is designed to cultivate a new generation of Nigerian innovation entrepreneurs capable of redefining the nation’s economic future.

Speaking on the development the Minister of Education, Dr. Tunji Alausa underscored the national importance of the initiative.

His words, “The President has challenged us to look for the next Moonshot within our tertiary institutions. We are not just looking for projects; we are scouting for future Nigerian Unicorns whose roots will be planted right here in our universities and colleges. This is an equity-free seed investment in Nigeria’s future”.

According to a statement by the director of Press and public relations Mrs Folashade Boriowo on Monday, at the heart of the S-VCG is the mandate to ignite and support student-driven innovation by funding ventures that address real-world challenges with clear potential for scale and commercialization.

The scheme offers up to ₦50 million in equity-free grants to student founders with innovations in STEMM fields Science, Technology, Engineering, Mathematics, and Medical Sciences.

“Successful applicants will also be absorbed into a comprehensive support ecosystem that includes; intensive Incubation Programs; expert Mentorship from seasoned entrepreneurs and industry leaders and full Access to Tools, Platforms and Resources required to develop and scale their startups.

“This strategic structure ensures that funded ventures are not only launched but are supported to successfully transition into market-ready enterprises”, the statement added.