The Student Venture Capital Program (S-VCG) provides funding, validation support, and national visibility for bold student-led businesses – powered by the Federal Ministry of Education. Learn how to apply now.
Application Deadline:
Applications are currently closed. Watch for updates on the next cycle via the official S‑VCG portal.
Tell Me About the Opportunity:
The Student Venture Capital Grant (S‑VCG), powered by Nigeria’s Federal Ministry of Education, provides equity‑free seed funding, mentorship, validation support, and national visibility for student‑led businesses. With up to ₦50 million in grant funding available, the program empowers students to transform innovative ideas into scalable ventures across Nigeria.
Which Sectors are Eligible?
Projects must fall under STEMM disciplines:
- Science — biotechnology, agriculture, research-based ventures
- Technology — software, hardware, AI-driven solutions
- Engineering — machinery, infrastructure, industrial systems
- Mathematics — financial modeling, advanced analytics, data solutions
- Medical Science — healthcare delivery, med‑tech, public health innovations
Type:
Equity‑free seed grants with milestone‑based disbursements.
Who can Apply?
- Students enrolled in Nigerian tertiary institutions (universities, polytechnics, colleges of education)
- Both public and private institutions are eligible
- Applicants must be at least 300 level or equivalent; lower-level students may join teams led by 300+ level students
- Projects must be registered with the Corporate Affairs Commission (CAC)
- Applications can be submitted individually or as teams
How are Applicants Selected?
Applications undergo multiple review rounds. Selection is based on:
- Alignment with STEMM sectors
- Business plan clarity (KPIs, expenditure milestones)
- Demonstrated potential beyond proof of concept
- Impact on innovation, education, and Nigeria’s development goals
Which Countries Are Eligible?
Nigeria only.
Where will the Opportunity be Taken?
Nationwide — across all 37 states and the FCT.
How Many Opportunities?
Up to ₦50 million in funding available per cycle, distributed across milestone‑based grants.
What is the Benefit of the Opportunity?
- Equity‑free seed funding
- Structured validation and incubation support
- National visibility through the Innovation Repository
- Mentorship and tools to refine business models
- Government endorsement and recognition
How Long Will the Support Last?
Funding is milestone‑based, tracked transparently during the incubation period. Projects remain visible in the Innovation Repository even if not selected for funding.
How to Apply:
- Upload business details, pitch video, and funding request via the S‑VCG portal
- Applications are reviewed in multiple rounds with feedback provided
- Shortlisted teams refine solutions through validation support
- Approved teams receive milestone‑based funding