The Federal Government, through the Federal Ministry of Education, has officially opened the application portal for the Student Venture Capital Grant S-VCG, a major initiative aimed at supporting student innovators with up to ?50 million in equity-free funding. Known as the Next Moonshot initiative, the program forms a central part of the Renewed Hope Agenda, designed to turn campus-born ideas into commercially viable, high-impact ventures.
The S-VCG specifically targets students developing innovations in Science, Technology, Engineering, Mathematics, and Medical Sciences STEMM. Eligible applicants include students enrolled in accredited Nigerian tertiary institutions, particularly those in their 300-level and above. Projects must be beyond the proof-of-concept stage to qualify for the grant.
In addition to funding, successful applicants will gain access to a comprehensive support ecosystem. This includes intensive incubation programs, expert mentorship from seasoned entrepreneurs and industry leaders, and full access to tools and resources necessary to scale their startups. The initiative also aims to foster a pipeline of high-potential ventures capable of driving economic growth and technological advancement.
