By Tgnews Reporter
The Federal Ministry of Education has officially opened the application portal for the highly anticipated Student Venture Capital Grant (S-VCG), a groundbreaking initiative aimed at fostering innovation and entrepreneurship among Nigerian students.
Announced earlier today, the program offers up to ₦50 million in equity-free grants to empower student-driven ventures with transformative potential.
According to a press release from the Ministry, the S-VCG initiative, launched in collaboration with strategic partners including Google, seeks to cultivate a new generation of innovators by providing financial support, mentorship, and access to a robust entrepreneurial ecosystem.
The first phase targets Nigerian students enrolled in accredited tertiary institutions, with applications now open at http://s-vcg.education.ng.
The initiative provides grants ranging from ₦150,000 to ₦250,000 per venture, with the potential for scaling up to ₦50 million for exceptional projects, along with one-on-one coaching, access to industry experts, and networking opportunities with peer entrepreneurs.
The focus is on innovations in STEM, artificial intelligence, and solutions addressing national challenges, with an emphasis on sustainability and scalability.
This launch aligns with the government’s broader vision to harness the potential of Nigerian youth, as emphasized by Borowole Folade, Director of Press and Public Relations, who stated, “Empowering our students with the tools to turn ideas into market-ready enterprises is an investment in Nigeria’s future.”
In a strategic partnership with Google, the program will integrate advanced digital tools and training to enhance students’ entrepreneurial capabilities. Applicants are encouraged to submit proposals that demonstrate scalability, market relevance, and the potential to solve critical national issues.
This launch follows recent efforts by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to allocate a ₦5 billion grant for student entrepreneurs, signaling a nationwide push to bolster youth-led economic growth.
The S-VCG portal will remain open for applications, with a call for innovative ideas that could redefine Nigeria’s entrepreneurial landscape.
