The Federal Ministry of Education has opened applications for the Student Venture Capital Grant (S-VCG). This Federal Government initiative provides up to ₦50 million equity-free funding to student innovators developing solutions that address real societal challenges.
The program empowers student entrepreneurs with resources, mentorship, and advanced digital tools to transform high-potential ideas into scalable ventures.
Program Summary
- Host Country: Nigeria
- Category: Competitions | Training
- Eligible Countries: Nigeria
- Reward: ₦50m Grant | Google Gemini Pro License | Access to Resources | Expert Mentorship
- Deadline: Not Specified
Program Details
The Federal Government of Nigeria, through the Federal Ministry of Education, has activated the portal for the Student Venture Capital Grant (S-VCG). This program is a major component of the national Renewed Hope Agenda, created to elevate student-led innovations into commercially viable, high-impact startups.
The grant supports students working on solutions with clear potential for market adoption, scalability, and societal value. The initiative focuses on nurturing a generation of student innovators capable of tackling national and global challenges using STEMM-driven approaches.
Eligibility Criteria
To qualify, applicants must:
- Be Nigerian students enrolled in an accredited tertiary institution (university, polytechnic, or college of education)
- Be working on a project capable of addressing critical national or global issues
- Submit a proposal that demonstrates strong potential for scalability and commercialization
- Have a project that falls within STEMM fields, which include:
- Science
- Technology
- Engineering
- Mathematics
- Medical Sciences
Program Benefits
The S-VCG offers extensive support beyond financial funding, ensuring student ventures can grow into market-ready businesses. Benefits include:
- Up to ₦50 million equity-free grant
- Intensive incubation programs to refine and validate business concepts
- Expert mentorship from industry leaders and established entrepreneurs
- Access to essential tools, platforms, and development resources
- One-year free Google Gemini Pro license for all applicants who successfully submit a project, including premium learning resources
Required Documents
Applicants must prepare:
- Proof of student status (valid student ID and admission documents)
- Detailed project proposal outlining the problem, solution, market relevance, and scalability plan (must be within STEMM)
- Information about the founding team and designated roles
How to Apply
To apply, interested and qualified candidates should:
- Click HERE to visit the official application portal
Step 1: Access the Official Portal
- Navigate to the application platform via: https://svcg.education.gov.ng
Step 2: Submission Preparation
- Develop a strong proposal highlighting scalability and market relevance within STEMM
- Prepare all required personal and institutional details
Step 3: Online Submission
- Complete the online form
- Upload the project proposal and supporting documents requested on the portal
Step 4: Receive Premium Access
- Upon successful submission of a business project or innovation, applicants will receive the one-year free Google Gemini Pro license and premium learning tools
To apply for this scholarship, click HERE
To receive more scholarship updates, click HERE
To join EDUSPUR WhatsApp Channel, click HERE
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