By JKNewsMedia Reporter
The Federal Government of Nigeria announced it has opened applications for the Student Venture Capital Grant (S-VCG), offering student-led ventures equity-free funding of up to N50 million.
The initiative targets high-potential innovations from higher institutions, providing both financial and technical support to student entrepreneurs.
The grant focuses on students in Science, Technology, Engineering, Mathematics, and Medical Sciences (STEMM) fields.
It is available to full-time undergraduates in 300-level and above across accredited Nigerian tertiary institutions, the government stated.
It says applicants will also benefit from mentorship, incubation support, and business development services.
These services aim to help students scale their ventures and address real-world challenges, according to the Federal Government.
To ensure transparency and accountability, the government said the programme is being implemented in partnership with the Bank of Industry (BOI), the release noted.
The collaboration with BOI will facilitate the administration of grants and provision of advisory support to participating students.
The FG also highlighted that the S-VCG is part of a broader effort to boost youth entrepreneurship and innovation within Nigerian higher education.
The initiative is designed to identify and nurture student innovators capable of developing solutions that contribute to national development.
Eligible students are encouraged to submit applications through the official portal, which is now open, the government said.
Applicants must provide detailed information about their venture, including business plans, expected impact, and potential scalability.
The programme also seeks to promote a culture of entrepreneurship among students, equipping them with skills necessary to transition from academic projects to commercially viable businesses.
By targeting students in advanced levels of their undergraduate studies, the S-VCG aims to support ventures at a stage where they can benefit from structured mentorship, incubation, and financial backing, the government noted.
The FG reaffirmed its commitment to fostering innovation ecosystems in tertiary institutions and providing opportunities for young Nigerians to develop competitive and sustainable businesses, advising students to join the venture via: Student Venture Capital Grant
