Federal Government has opened the application portal for the Student Venture Capital Grant, a new national initiative aimed at supporting student-led innovation with equity-free grants of up to ₦50m.
The announcement was made in a statement issued by the Federal Ministry of Education and signed by Boriowo Folasade, Director of Press and Public Relations.
At the launch, the Minister of Education, Tunji Alausa, said the initiative was central to the government’s innovation drive.
The Ministry said the grant is targeted at students building innovations in STEMM fields, Science, Technology, Engineering, Mathematics and Medical Sciences.
It added that successful applicants will be placed in a full support system that includes incubation, mentorship and access to tools.
The Ministry also announced a partnership with Google to strengthen the programme’s evaluation process.
The statement further explained that Google’s Gemini AI will power automated evaluation on the portal, and that every applicant will receive a free one-year Gemini Pro licence and premium learning resources.
The portal for applications is now open at svcg.education.gov.ng, and students in accredited tertiary institutions are encouraged to apply.
According to the Ministry, applicants are advised to submit proposals that demonstrate scalability, market relevance, and potential to solve critical national or global challenges.
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