₦50 Million Equity-Free Funding for Nigerian Student Venture Capital Grant

Job Description

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The Federal Ministry of Education has opened applications for the Student Venture Capital Grant (S-VCG), a nationwide initiative created to support Nigerian students with innovative, high-impact business ideas.

The programme provides up to ₦50 million in non-repayable, equity-free funding to help student entrepreneurs turn scalable ideas into commercially viable ventures that address pressing national and global challenges.

Programme Summary

• Host Country: Nigeria
• Programme Type: Innovation Grant | Training | Incubation
• Eligible Applicants: Nigerian Students
• Funding: Up to ₦50,000,000 (Equity-Free)
• Additional Benefits: Google Gemini Pro License, Startup Tools, Expert Mentorship
• Application Deadline: Not Specified (Early application encouraged)

About the S-VCG Programme

The Student Venture Capital Grant (S-VCG) is a flagship initiative under the Federal Government’s Renewed Hope Agenda, focused on nurturing student-led innovation and entrepreneurship.

The programme targets bold, solution-driven ideas with clear potential for scale, commercialization, and real-world impact—particularly in science, technology, and innovation-driven sectors.

Participants receive not just funding, but also structured incubation, mentorship, and access to critical resources needed to build sustainable startups.

Who Can Apply?

Applicants must:

• Be a Nigerian student enrolled in an accredited tertiary institution (University, Polytechnic, or College of Education).
• Present a venture idea that addresses key national or global challenges.
• Demonstrate scalability and commercialization potential in their proposal.
• Have a project rooted in STEMM disciplines, including:
  • Science
  • Technology
  • Engineering
  • Mathematics
  • Medical Sciences

Programme Benefits

Selected participants will receive comprehensive support, including:

• Up to ₦50 Million in Equity-Free Funding
  No equity dilution and no repayment required.
• Startup Incubation & Business Development
  Structured support to validate, refine, and scale your venture.
• Expert Mentorship
  Direct guidance from seasoned entrepreneurs and industry professionals.
• Startup Resources & Tools
  Access to platforms, frameworks, and learning resources for growth.
• Google Gemini Pro License
  All applicants who submit a valid innovation or business proposal receive a free 1-year Google Gemini Pro license, plus premium learning materials.

Required Documents

Applicants should prepare:

• Proof of Student Status
  (Valid student ID and admission or registration documents)
• Project Proposal
  Clearly outlining the problem, solution, market need, scalability, and STEMM relevance.
• Team Information
  Details of team members and defined roles (if applicable).

Application Status

Applications are currently open.
Since no official deadline has been announced, early submission is strongly advised.

If you’re a Nigerian student with a scalable idea and the ambition to build something impactful, the Student Venture Capital Grant (S-VCG) offers a rare opportunity to secure funding, mentorship, and national support—without giving up equity.