The Federal Government has officially launched the application portal for the Student Venture Capital Grant (S-VCG), a nationwide initiative designed to support student-led enterprises with equity-free funding of up to N50 million.
The programme targets young innovators enrolled in tertiary institutions across all 36 states, the FCT, and the 37th category of federal institutions, ensuring broad national participation and inclusive access to capital.
According to the government, the S-VCG is structured to stimulate a new generation of youth-driven enterprises capable of solving local and global problems while contributing to Nigeria’s economic transformation.
The initiative focuses on students building ventures within STEMM disciplines, including:
- Science: biotechnology, agricultural innovation, and applied scientific research.
- Technology: software development, artificial intelligence, hardware design, and digital platforms.
- Engineering: machinery, sustainable infrastructure, fabrication, and industrial systems.
- Mathematics: data analytics, financial modeling, and algorithm-driven solutions.
- Medical Sciences: health-tech, diagnostic tools, medical devices, and public health innovation.
Officials say the grant is part of a broader strategy to promote innovation-driven growth, unlock youth potential, and strengthen Nigeria’s position in the global knowledge economy.
Successful applicants will receive funding packaged to support prototype development, product scaling, and venture commercialization—without giving up equity.
The application portal is now live, with the government urging students with viable ideas to take advantage of the opportunity.
