Deadline: Unspecified
The Federal Ministry of Education has announced the Student Venture Capital Grant (S-VCG) — a major initiative aimed at empowering student innovators in Nigerian tertiary institutions. The program provides an equity-free funding opportunity of up to ₦50 million for student-led ventures that demonstrate strong potential for commercial success, social impact, and scalability.
The Student Venture Capital Grant (S-VCG) is designed to nurture innovation among students in STEMM disciplines (Science, Technology, Engineering, Mathematics, and Medical Sciences) by helping them transform their ideas and inventions into sustainable, market-ready businesses.
Selected participants will not only receive funding but will also gain access to structured mentorship, incubation programs, resources, and business development tools that will help them scale their ventures effectively.
Objectives of the Programme
The Student Venture Capital Grant (S-VCG) seeks to:
- Support the development of student-led innovative ventures within Nigerian tertiary institutions.
- Foster entrepreneurship and innovation among students studying STEMM courses.
- Provide financial and technical assistance to help student innovators bring their ideas to market.
- Promote job creation, technology transfer, and industrial growth through student-driven initiatives.
Eligibility Criteria
To qualify for the S-VCG, applicants must meet the following requirements:
- Must be a Nigerian student currently enrolled in an accredited tertiary institution (University, Polytechnic, or College of Education).
- Must be actively involved in a STEMM field — Science, Technology, Engineering, Mathematics, or Medical Sciences.
- The innovation or project must address a critical national or global challenge and demonstrate strong potential for commercialization and scalability.
- Applicants must present a clear, structured proposal that outlines the problem, innovative solution, market relevance, business model, and scalability strategy.
- Each team or applicant must show leadership, innovation capacity, and a commitment to developing a viable business enterprise.
Required Application Documents
Applicants must prepare and submit the following documents during application:
- Proof of Student Status: Valid student identification card or admission letter from an accredited tertiary institution.
- Detailed Project Proposal: A document that outlines the innovation, the problem being solved, target market, business potential, scalability plan, and projected impact.
- Team Information: Details of the project team members (if applicable), including their roles, expertise, and contributions.
- Supporting Documentation: Any other relevant files that strengthen the proposal, such as prototypes, research evidence, or proof of concept.
Grant Benefits
Successful applicants stand to receive:
- Equity-free funding of up to ₦50 million for their innovative ventures.
- Comprehensive mentorship and incubation support from experts in business, technology, and innovation.
- Access to tools, resources, and capacity-building workshops aimed at accelerating business growth.
- Networking opportunities with investors, industry leaders, and academic innovators.
Application Process
Interested and eligible students are encouraged to apply through the official Student Venture Capital Grant (S-VCG) Portal. Applicants should carefully review the eligibility criteria and ensure that their project proposals meet all stated requirements before submission.
It is advisable to prepare your proposal early, gather the necessary supporting documents, and craft a compelling innovation case that highlights scalability, sustainability, and national relevance.
Important Notes
- The programme is open exclusively to students enrolled in accredited Nigerian tertiary institutions.
- Applicants are encouraged to align their innovations with national development goals and global challenges.
- Only selected applicants will be contacted for further stages of the review and mentorship process.
- The closing date for submission will be available on the official S-VCG portal.
Conclusion
The Student Venture Capital Grant (S-VCG) represents a groundbreaking opportunity for Nigerian students to turn innovative ideas into impactful ventures. By combining equity-free funding with mentorship and incubation support, the Federal Government aims to foster a new generation of student entrepreneurs who can drive the nation’s economic and technological growth.
Students with strong ideas in STEMM fields are strongly encouraged to apply and take advantage of this ₦50 million funding opportunity.
📌 To Apply: Click here to submit your application
📖 To Read More About the Programme: Click here for full programme details
Contact us for proposal drafting, refining, and review.
