Tuesday, November 18, 2025 - The Federal Government has opened the application portal for the Student Venture Capital Grant (S-VCG), a programme designed to support student-led ventures with equity-free grants of up to ₦50 million.
The initiative was announced in a statement by Boriowo
Folasade, Director of Press and Public Relations at the Federal Ministry of
Education.
According to the Minister of Education, Chief Dr. Tunji
Alausa, the programme is part of the government’s effort to discover
high-potential innovations within higher institutions.
“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,” he said.
The Ministry noted that the grant provides up to ₦50 million
to student innovators in STEMM fields—Science, Technology, Engineering,
Mathematics, and Medical Sciences.
The S-VCG, also known as the STEMM Up Grant, was first
announced in July and officially launched on August 2. It forms part of the
government’s Renewed Hope Agenda, aimed at nurturing student innovations into
commercially viable, high-impact ventures.
The grant specifically targets full-time undergraduate
students in 300-level and above across accredited Nigerian tertiary
institutions. Successful applicants will also receive mentorship, incubation
support, and business development services to scale their ventures and tackle
real-world challenges.
The programme is being implemented in partnership with the
Bank of Industry to ensure transparency, accountability, and measurable
outcomes.
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