FG Opens Portal For N50 Million Student Venture Capital Grant

The Nigerian Government says it has launched the application portal for the Student Venture Capital Grant (S-VCG), a Renewed Hope Agenda which aims to nurture student innovations into commercially viable, high-impact ventures

Through the Student Venture Capital Grant a programme, one could get up to N50 million in equity-free grants, Boriowo Folasade, Director of Press and Public Relations at the Federal Ministry of Education said

“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,” the Minister of Education, Chief Dr. Tunji Alausa, said.

“The scheme offers up to N50 million in equity-free grants to student founders with innovations in STEMM fields (Science, Technology, Engineering, Mathematics, and Medical Sciences),” they added

To be eligible, applicants should be enrolled in accredited tertiary institutions currently.

The scheme is a total package, which aside cash, comes with other incentives including:

1. Mentorship from experienced entrepreneurs and industry leaders
2. Full access to tools and resources necessary to scale startups
3. Intensive incubation programmes

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The Student Venture Capital Grant is a child of a collaboration, in which the Ministry and Google, using Gemini AI are polling resources.

It would see students undergoing entrepreneurial mentorship with globally reckoned enterprises and persons.

Interested applicants can check it out at https://svcq.education.gov.ng